Additional roads funding announced by Chancellor

Delivering his Spending Review, Chancellor Rishi Sunak promised £1.7 billion for local road repairs maintenance and upgrades.

Promising ‘upgraded railways, new cycle lanes and over 800 zero emission buses’, Sunak said the record investment plans inn infrastructure would see the biggest ever investment in new roads.

A new Levelling Up Fund worth £4 billion, managed jointly between the Treasury, the Department for Transport and the Ministry of Housing, Communities and Local Government, would bee used to fund ‘the infrastructure of everyday life’, with examples of a new bypass, upgraded railway stations and less traffic highlighted.

David Renard, Transport spokesperson for the Local Government Association said: “Fixing our roads is a top priority for councils, who fix a pothole every 21 seconds. Councils have long asked for an infrastructure strategy to help address a nearly £11 billion backlog in local road repairs as well as help to invest in other important infrastructure in their communities.

“This new investment is good news and will help councils to support their communities and help tackle our local road repairs backlog. Going forward, it is important for councils to have more long term certainty of funding support so they can make the most of this new infrastructure strategy.”

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UKREiiF has quickly become a must-attend in the industry calendar for Government departments and local authorities.

The multi-award-winning UK Construction Week (UKCW), is the UK’s biggest trade event for the built environment that connects the whole supply chain to be the catalyst for growth and positive change in the industry.