£4.7bn ‘local transport fund’ redirected from axed HS2 plans announced
by Nina Lloyd
Feb 26, 2024
3 minutes
Rishi Sunak has set out how transport funding redirected from the Government’s abandoned HS2 plans will be shared across regional councils as he holds a Cabinet meeting in Yorkshire and the Humber.
The North of England will be allocated £2.5 billion and the Midlands will receive £2.2 billion from money previously earmarked for the axed northern leg of the flagship levelling-up project.
The funding will not be made available until April 2025 – months after the next general election expected later this
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