Chancellor Rishi Sunak

Spending Review 2020: £2bn for transport

Today (25 Nov) Chancellor Rishi Sunak delivered his Spending Review 2020 speech.

Within his speech he said that over £2 billion is to be used to keep transport arteries open, subsidising rail networks.

He also spoke of upgrading the railways and how they will help deliver the Prime Minister’s ten-point plan for climate change.

The Chancellor also announced the launch of the new ‘Levelling Up Fund’ worth £4 billion in which any local area will be able to bid directly to find local projects.

The fund will be managed jointly between the Department for Transport, the Treasury and the Ministry of Housing, Communities and Local Government – taking a new, holistic, place-based approach to the needs of local areas.

He said this fund is about investing in the infrastructure of everyday life, such as upgrading railway stations.

To read his speech in full, click here. 

Transforming Track Maintenance & Safety

RTM APR/MAY 21

Transforming Track Maintenance & Safety

Delve into the rich range of contributions in our April/May 2021 edition of RTM, covering everything from automated video technology on trains to detect lineside obstructions and risks to the plans for Northern Powerhouse Rail (NPR) and hear from the team behind the new Piccadilly line tube stock

Videos...

View all videos
RTM365 Online Festival, Equality, Diversity & Inclusion

RTM365 Online Festival

Equality, Diversity & Inclusion
16th June 2021

On the 16th June, RTM365 will bring together industry leaders to share their knowledge on how to start attracting a diverse workforce, 

how driving cultural change within your organisation can help develop and retain new skills,

the investment in creating a rail network accessible for all and

how to ensure your business meets EDI standards in procurement to win new business. 

Podcast

The Green Rail Revolution

Maria Machancoses, Director of Midlands Connect discusses the importance of HS2 to the Midlands and the UK, their collaborative work with the Department for Transport, and how we need to embrace the railways again.

More articles...

View all