Department For Transport
On 4 October 2023, the government announced that local transport authorities (LTAs) in the North and Midlands would benefit from a new Local Transport Fund (LTF) from 2025 to 2026 until 2031 to 2032.
This funding is additional to the Integrated Transport Block (ITB) allocation that LTAs currently receive. The additional LTF funding has been allocated by formula, based on the population and levelling-up need of each LTA.
LTFwill fund a wide range of local transport measures. Local transport authorities will be able to choose from a range of projects such as building new roads, improving road junctions and pavements, improving bus stations, installing or expanding tram lines, or improving train stations.
The government announced the breakdown of LTF funding by local authority on 26 February 2024.