Across England, local highway authorities will receive £150 million this financial year, followed by a further £150m for 2024/2025, with the rest of the funding allocated through to 2034.
This regional divided will see:
- £3.3 billion for local authorities in the North West, North East and Yorkshire and the Humber
- £2.2 billion for local authorities in the West Midlands and East Midlands
- £2.8 billion for local authorities in the East of England, South East, South West and, for the first time in eight years, London
Transport Secretary, Mark Harper, said: “Today’s biggest-ever funding uplift for local road improvements is a victory for all road users, who will enjoy smoother, faster and safer trips – as we use redirected HS2 funding to make the right long-term decisions for a brighter future.”
For a full breakdown of the funding allocations click here.
Rick Green, Chair of the Asphalt Industry Alliance, said: “This long-term investment will also help give the asphalt supply chain confidence to further invest in plant upgrades, materials innovation and technical advancements to support the development and delivery of lower carbon roads in line with the government’s net zero ambitions.”