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

  • Earthmoving machine sales improved
    April 2, 2019
    have increased since the second half of 2017. In particular, in Germany and France the main constraint is a shortage of labour, while in Spain or the United Kingdom the main brake is demand. Sustained dynamics for investments in Central Eastern Europe, with the exception of the construction market in Turkey, going decidedly against the trend compared to 2017. Overall, however, the implementation of EU funds during the 2014-2020 programming cycle has supported construction, particularly civil engineering.
  • Tunnel project of Chilean capital Santiago
    April 8, 2015
    Tunnel construction in Chilean capital Santiago will help cut chronic congestion – Mauro Nogarin & Mike Woof write. Chile’s capital Santiago is a thriving city having benefited from the country’s economy growing strongly in recent years. The massive copper mining sector has helped boost the country’s GDP significantly in the past few decades, also aided by the growing international reputation of Chile’s large wine industry. The steady economic growth has resulted in an equally steady growth in average incom
  • Kier’s strong financial performance
    September 20, 2018
    Kier Group has announced a strong financial performance for its full-year results to 30th June 2018. The results were bolstered in particular by a solid performance in its highways business. The company claims that this has reinforced the firm’s position as the UK’s leading provider of highways management and maintenance services. Over the 12 months, Kier has maintained its position as the lead supplier to Highways England. Securing two three-year extensions to 2021 and 2022 respectively worth over £250 m
  • UK’s M6 tolled motorway for sale
    June 21, 2016
    For sale: one UK toll motorway along with operating business. Well maintained. Price negotiable. David Arminas looks at what is on offer As if right on cue, a French articulated truck starts to back up along the hard shoulder at an exit area of M6toll. The manoeuvring is watched from an office inside the nearby M6toll headquarters. Inside, Andy Pearson, chief executive of M6toll, glances over his shoulder and interrupts his presentation to World Highways. “He’s probably missed the dedicated wide-load