William Eichler 04 June 2025

Chancellor unveils £15bn regional transport investment

Chancellor unveils £15bn regional transport investment image
© Martin Suker / Shutterstock.com.

Chancellor Rachel Reeves has unveiled plans to invest £15.6bn in buses, trams and trains outside of London.

The funding will be invested in transport projects in the north of England and the Midlands, including a Metro extension linking Washington to Newcastle and Sunderland and the renewal of South Yorkshire’s tram network.

In a speech in Greater Manchester today, the Chancellor is expected to say, ‘a Britain that is better off cannot rely on a handful of places forging ahead of the rest of the country,’ adding the ‘result of such thinking has been growth created in too few places, felt by too few people and wide gaps between regions, and between our cities and towns.’

Henri Murison, chief executive of the Northern Powerhouse Partnership, said the move will be ‘critical to driving regional growth.’

The funding will reportedly form part of a wider £113bn investment in capital projects over the parliament.

Cllr Adam Hug, transport spokesperson for the Local Government Association, said: 'This confirmation of transport funding for mayoral areas is good news for residents and communities in these places, which will boost local economies by connecting more people to jobs and services.'

SIGN UP
For your free daily news bulletin
Highways jobs

Social Worker Homelessness

London Borough of Richmond upon Thames and London Borough of Wandsworth
£38,976 - £52,767
Social Worker – Homelessness£40,... Wandsworth, London
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Driver

Essex County Council
Up to £25081.00 per annum
DriverFixed Term, Part Time£25,081 per annum pro rata Location
Recuriter: Essex County Council

Principal Transportation and Infrastructure Planner

Essex County Council
£56537.00 - £66514.00 per annum
Principal Transportation and Infrastructure PlannerPermanent, Full Time£56,537 to £66,514 per annumLocation
Recuriter: Essex County Council

NETPark Property Assistant

Durham County Council
Grade 2
Durham County Council
Recuriter: Durham County Council

SENDIASS Officer

Durham County Council
£35,412 - £39,152
An exciting and rewarding opportunity has arisen within the busy and fast paced SEND Information, Advice, Support Service (SENDIASS).   WHAT IS INVOLV Durham
Recuriter: Durham County Council
Linkedin Banner