UK's transport sector to get £billion funding under new Industrial Strategy

The Government has pledged to invest billions into new roads, tech development and autonomous vehicles in next four years

Britain's fastest road

The UK’s transport sector will see billions of new investment directed towards it over the next four years, as the Government has pledged to improve road standards while accelerating the development of electric and autonomous vehicles. MPs have also promised to upgrade the wider transport infrastructure in a new modern Industrial Strategy paper. 

Prime Minister Theresa May has announced ten key pillars that will help drive the UK’s economy and infrastructure post-Brexit. This involves an additional £4.7 billion invested by 2020-2021 in research and development. The new Industrial Strategy Fund will support R&D in sectors like smart and clean technologies, artificial intelligence and autonomous cars.  

The Government's also pledged to set aside £2.6 billion for improvements in transport projects to reduce journey times and £1.1 billion to repair potholes and local roads. To make way for low emissions cars, May said the UK is already trialling new electric grid technologies in various locations around the country to help electric car rollout, as well as already investing £600 million in ultra low emissions vehicle development. 

Best electric cars for sale 2017

Part of the Industrial Strategy involves a further £740 million to build 5G and fibre broadband technologies, the former vital to the rollout of autonomous vehicles. 

A new Centre for Connected and Autonomous Vehicles will also be built. The centre has a research programme worth up to £200 million and a further £100 million will be matched by the industry to develop new testing grounds for autonomous cars. The location of the testing hub will be announced later this spring.

Prime Minister Theresa May said: “The modern Industrial Strategy will back Britain for the long-term: creating the conditions where successful businesses can emerge and grow, and backing them to invest in the long-term future of our country.”

Business and Energy Secretary Greg Clark said: “This is an important step in building a modern, dynamic industrial strategy that will improve living standards and drive economic growth across the whole country. 

“A modern British Industrial Strategy must: build on the UK’s strengths and extend excellence into the future; close the gap between the UK’s most productive companies, industries, places and people and the rest; and ensure we are one of the most competitive places in the world to start and grow a business” 

What do you think of the modern Industry Strategy? Let us know in the comments below...

Recommended

Cyclists and pedestrians prioritised in upcoming Highway Code revisions
News

Cyclists and pedestrians prioritised in upcoming Highway Code revisions

Latest Highway Code changes look to strengthen the priority of walkers and cyclists over motorists
30 Jul 2021
UK road pricing: UK plan to plug the fuel duty gap
Motorway
News

UK road pricing: UK plan to plug the fuel duty gap

The Government’s plan to plug the £30bn gap in lost fuel duty is taking shape with bans on petrol and diesel car and trucks looming
13 Jul 2021
Four million people in the UK have fallen asleep while driving
Tired driver
News

Four million people in the UK have fallen asleep while driving

Research produces worrying revelation that four million UK motorists have nodded off behind the wheel at some point
16 Jun 2021
Thatcham approved devices and crash tests explained
Joe Finnerty in Hyper G sled
Consumer news

Thatcham approved devices and crash tests explained

Thatcham studies crashes, rates alarms and sets insurance groups to help cut drivers’ costs. We find out how
11 May 2021

Most Popular

New 2021 Volkswagen Taigo coupe-SUV breaks cover
Volkswagen Taigo R-Line - front
Volkswagen Taigo

New 2021 Volkswagen Taigo coupe-SUV breaks cover

The new VW Taigo is a sportier, more aggressive looking version of the brand’s T-Cross and is aimed at lifestyle buyers
29 Jul 2021
New 2021 Kia EV6 boasts up to 328 miles of range
Kia EV6 - front
Kia EV6

New 2021 Kia EV6 boasts up to 328 miles of range

Kia reveals more specs for its bespoke electric car, with the EV6 offering long range and an 18-minute 80 per cent rapid recharge time
21 Jul 2021
Best crossover cars and small SUVs 2021
Best small SUVS
SUVs

Best crossover cars and small SUVs 2021

There's a huge range of crossovers and small SUVs on the market today. These are our top ten picks
22 Jul 2021