Government plans announced in the Budget aimed at changing the economic geography of the country could help rebalance the UK economy and bring much need investment to the North.
Following Chancellor Rishi Sunak’s Budget today, 3 March 2021, Transport for the North Chief Executive Barry White said: “As we look towards longer-term recovery and growth, bringing the Treasury to Darlington and setting up the UK Infrastructure Bank in Leeds are very welcome measures that could unlock funding for the North’s aging infrastructure and, crucially, lead to funding decisions that address the historic imbalances in the UK.
“Channelling funds at pace into essential capital projects such as Northern Powerhouse Rail must now be a priority for these new ventures, helping to kick-start recovery and deliver a low-carbon North.
“We now await more detail and long-term commitment to the North’s preferred rail network in the Integrated Rail Plan.”
