Further projects approved for the Local Sustainable Transport Fund
Over £112 million extra funding to support authorities in increasing local economic growth and cutting carbon emissions from transport.
I am pleased to announce today (24 May 2012) that the department is awarding a further £112.94 million to support authorities in delivering local economic growth whilst cutting carbon emissions from transport.
On 24 February 2012, the department received 53 bids to tranche two of the Local Sustainable Transport Fund from 48 lead authorities.
Proposals were assessed against the criteria as published in the guidance on the application process, which was published on 19 January 2011. Successful proposals were those judged to perform well against the twin objectives of supporting the local economy and facilitating economic development, while reducing carbon emissions. They were also scored on their potential to deliver wider social and economic benefits, to improve safety, to bring about improvements to air quality, or to promote increased levels of physical activity.
Proposals were required to demonstrate financial sustainability with benefits enduring beyond the life of the fund, to incorporate a credible delivery plan, and to include a commitment to make a local contribution towards the overall costs.
In line with the published guidance, an assessment of value for money was undertaken. The department is confident that the overall package of proposals approved in this second round represents high value for money.
I have decided to announce funding for 30 proposals in this round today, with a further announcement regarding the status of 18 more bids to be made soon. 26 proposals will be funded in full and a further 4 proposals will be funded in part. The list of decisions made today regarding tranche 2 bids is attached.
On 20 December 2011, the department received 13 business cases for larger projects (requiring up to £50 million funding from DfT). I intend to announce by the end of June which of those authorities have been successful.
I am very pleased that all eligible local authorities across England have applied for funding to the Local Sustainable Transport Fund, either as a lead bidder, or as a partner authority to a large project. The fund has been well received by local government and I am confident that it will be effective in addressing the 2 key objectives of creating growth and cutting carbon.