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

Executive Director of Place and Customer

Essex County Council
up to £179,404 per annum
Shape the Future of Essex. Drive climate action. Deliver for our communities. Essex
Recuriter: Essex County Council

Director of Social Work and Social Care

Trafford Council
£100,731 to £104,625
You will join a values-driven senior leadership team, providing visible and responsive leadership. Manchester
Recuriter: Trafford Council

Rough Sleepers Specialist Social Worker

London Borough of Richmond upon Thames and London Borough of Wandsworth
£38,976 - £52,767
Rough Sleepers Specialist Social Worker... Wandsworth, London
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Saffron Centre for Young Musicians Support Assistant

Essex County Council
Up to £25081.00 per annum
Saffron Centre for Young Musicians Support AssistantPermanent, Part Time£25,081 per annumLocation
Recuriter: Essex County Council

Content Designer

Barnet London Borough Council
Grade J £48,003 - £53,172
This is an exciting time to join Barnet as we grow our Digital, Data and Technology (DDaT) capabilities London (Greater)
Recuriter: Barnet London Borough Council
Linkedin Banner