Skip to main content

UK road repairs – financing found

The UK’s Department for Transport is providing £348 million of funding to help improve local roads over the next four years. This funding will be available for local authorities to bid for, allowing them to work on major maintenance projects, as well as on projects that will ease congestion on the UK’s busiest roads. This announcement follows a £6.6 billion investment in local road maintenance in the last five years The funding will be available in two stages for local authorities to bid for in an effort t
July 19, 2019 Read time: 2 mins
The UK’s 5432 Department for Transport is providing £348 million of funding to help improve local roads over the next four years. This funding will be available for local authorities to bid for, allowing them to work on major maintenance projects, as well as on projects that will ease congestion on the UK’s busiest roads. This announcement follows a £6.6 billion investment in local road maintenance in the last five years

The funding will be available in two stages for local authorities to bid for in an effort to tackle issues on major local roads, from easing congestion through to sorting out potholes.

The first pot of investment, the Challenge Fund, will be available for this year and the next, with just under £200 million on offer. Councils will be able to bid for projects that will improve the quality of roads and surrounding infrastructure - including structures such as bridges and viaducts if necessary - to benefit the local economy and make driving safer. In particular, the funding could be put toward sorting major pothole repairs.

The second set of funding, the Pinch Point Fund, will be available in 2021/22 and 2022/23 and totals £150 million. It will go towards council projects designed to help ease congestion on some of their busiest roads. Previous examples of projects funded through Pinch Point include: improving the links between the A12 and A143 to open up housing and commercial development land; new roads helping buses bypass single lane roads; and new roads to link main roads with new housing developments.

For more information on companies in this article

Related Content

  • Mumbai’s new coastal transport link
    July 6, 2022
    Mumbai’s new coastal road presents an ambitious and challenging project that will help improve the lives of the city’s inhabitants - Mike Woof writes
  • Private consortium to finance Melbourne's Peninsula Link highway
    July 13, 2012
    Not long after the recent completion of the successful EastLink project (a 39km motorway providing a vital connection for 1.5 million people in Melbourne, Australia) the Victorian Government has started work on another missing link in Melbourne's freeway network further south with the construction of Peninsula Link. Peninsula Link is a key project in the Victorian Government's AUD$38 billion (US$32 billion) Victorian Transport Plan. With a AUD$750 million (US$630 million) price tag, the project is expected
  • Nova Scotia boosts highway spend
    February 8, 2021
    The Canadian province will focus on pavement preservation.
  • Brisbane’s new airport link is an engineering success
    April 12, 2013
    Financial troubles for Brisbane's new Airport Link overshadow its construction success – Adrian Greeman writes. Political argument and legal dispute is likely to rage for some time yet over the bankruptcy of Australian road operator BrisConnect, which went into receivership this February with A$3 billion in debt. Toll paying users for its new Airport Link have been less than half the predicted numbers since it opened in July last summer. But if its nancial engineering is being questioned, the same is not t