The Government has provided a new capital grant to local authorities for the 2017/18 financial year to spend on local highway and transport networks, with a view to improving productivity and local economic growth. This is called the productivity investment fund and we have been awarded £3.859m for 2017/18.

The Cabinet Member for Highways and Transport took a decision on 15 March 2017 to use the grant to provide additional spend on highway structural maintenance, additional spend on the major transport schemes programme, and spend on a public transport smart ticketing project, with the precise value of the allocation to each programme or project determined by the Director and Lead Commissioner for Economic and Community Infrastructure.

The Cabinet Member also agreed that additional spend for traffic signals replacement is a reserve programme which grant funding may be spent on if appropriate.

This is an indicative allocation of the fund to projects and programmes.