Councils are being invited to apply for a share of the £170M Local Pinch Point Fund to remove bottlenecks on the highway network.
Advice for local councils wanting to apply for a share of a £170M fund to remove bottlenecks on the local highway network and support growth-enhancing development was published today by transport secretary Patrick McLoughlin.
This funding forms part of the additional £1.5bn of government cash allocated to roads in chancellor George Osborne’s Autumn Statement.
The Local Pinch Point Fund will tackle obstacles on the local transport network that restrict growth by limiting the movement of goods, employees and customers. The investment will build on the success of the Highways Agency’s Pinch Point Fund for the strategic road network, which received an extra £100M in the Autumn Statement.
The cash will fund improvements which have an immediate impact on growth with the aim that all schemes will be delivered as quickly as possible - funding will be available until March 2015. The schemes delivered as part of this programme could include:
- improving existing local roads to ease congestion bottlenecks, speed up journey times and improving reliability
- provision of new roads, junctions or roundabouts to improve access to business or housing development sites
- strengthening or repairing of bridges or retaining walls which would otherwise lead to traffic restrictions and cause delays for traffic