DfT publishes latest report on Local Sustainable Transport Fund
Sun 23 June 2013
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The DfT has published a report on progress of the Local Sustainable Transport Fund (LSTF). A total of £560 million was originally made available through the Fund to enable the department to fund a number of high quality bids for local projects with a focus on transport sustainability.
In total, the Department for Transport awarded funding to 96 packages to 77 authorities to deliver their schemes between 2011 and 2015. Along with local contributions provided by all funded project teams, over £1 billion is now being invested in local sustainable travel.
Through bespoke local sustainable transport projects, the Fund aims to contribute to local economic growth whilst at the same time helping to achieve ambitious carbon reduction targets. The DfT says that the Fund has been universally popular, with all eligible local authorities applying with bids across 2011 and 2012. Due to this volume of interest and the high quality of bids received, the Department injected an additional £40 million into the Fund in 2012.
The LSTF bidding rounds are now closed and the fund is fully committed.
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