Forecourt Trader - 30 years at the heart of the fuel retailing community

Transport secretary unveils new strategy for local roads

John Wood ·
Transport secretary Chris Grayling
Transport secretary Chris Grayling
  (Photo:  )

Local roads are set to benefit from a share in a multi-billion pound improvement fund as part of an investment strategy unveiled by transport secretary Chris Grayling.

The Transport Investment Strategy sets out a new long-term approach for government infrastructure spending – meaning cash will be targeted at projects that help rebalance the economy.

It features the proposed creation of a new major road network, which would see a share of the annual National Road Fund, funded by vehicle excise duty (VED), given to local authorities to improve or replace the most important A roads under their management.

Grayling said: “The transport investment strategy sets out a blueprint for how we can harness the power of transport investment to drive balanced economic growth, unlock new housing projects, and support the government’s modern industrial strategy.

“This government is taking the big transport decisions for Britain’s future like HS2 and Heathrow, while delivering the biggest investment in roads and rail for a generation.

“At the heart of our approach is a plan to make transport work for the people who use it and for the wider economy.”

The proposals for the major road network respond to the Rees Jeffreys Road Fund study last year, which highlighted the disparity between the funding and planning of Britain’s motorways – the strategic road network – and local authority A roads.

The new plans mean that main roads currently overseen by local authorities would share the VED-funded National Roads Fund which was previously envisaged to be ring-fenced for national routes. UK VED was £5.8n for 2016-17.

Keywords:

My Account

You are not logged in.
  • Weekly
    Retail
  • Weekly
    wholesale
  • Daily
    Average
Weekly retail fuel prices: 13 November 2017
RegionDieselLPGSuper ULUL
East122.9762.90129.22120.30
East Midlands122.51131.19120.13
London123.0159.23131.32120.49
North East122.2163.40130.26120.15
North West122.3953.80130.05119.91
Northern Ireland121.09125.70118.82
Scotland122.68128.95119.79
South East123.2069.90130.92120.88
South West122.77128.85120.30
Wales122.4253.90128.26119.82
West Midlands122.0958.90130.41119.94
Yorkshire & Humber122.3453.70132.45119.99

Most read

As many forecourt operators continue their quest for expansion - driving up forecourt prices - could you be tempted to sell your business?