The money will be invested in researching new intelligent transport systems and will be carried out by a number of organisations, working collaboratively.
Minister for Transport Stephen Ladyman said: ' The UK government has today launched a major research programme on future intelligent transport systems, which together with industry contributions will make over £12 million available for innovative demonstration projects. This is just the start of a fruitful collaboration between government and industry. 'Our vision for this initiative is to support highly innovative and wide-ranging research and technology demonstrator projects, combining the best UK expertise in industry, local authorities, transport service providers and universities.' The government hopes that the new research strategy will result in far greater advances than simply awarding funding to a single organisation. The Future Intelligent Transport Systems initiative is intended to stimulate new ideas, concepts, products or services that will improve road safety, public transport, efficiency in freight transport and provide better travel information