Roads: Finance

Department for Transport written question – answered on 2nd December 2015.

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Photo of Iain Stewart Iain Stewart Conservative, Milton Keynes South

To ask the Secretary of State for Transport, what contribution the Local Pinch Point Fund has made towards increasing the housing supply.

Photo of Andrew Jones Andrew Jones Parliamentary Under-Secretary (Department for Transport)

The Department is providing £263 million through the Local Pinch Point Fund, targeted at traffic congestion hot-spots, which when combined with local authority and developer contributions is funding schemes costing around £500 million.

Based on estimates from the promoting authorities, many of the schemes awarded funding encourage housing and commercial development around them, with the potential to support around 150,000 new homes and 200,000 jobs.

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