The agreement, the biggest ever of its kind, includes a Government commitment to support the development of a West Yorkshire Mass Transit System and investment from the Transforming Cities Fund which, with the other resources available through the deal, will enable the delivery of the full pipeline of West Yorkshire transport projects submitted in the region’s bid.
The deal also includes a new West Yorkshire Investment Fund, money to develop plans for future housing sites and a new heritage fund which will support the creation of a new British Library North.
Our devolution deal brings:
- £38m for 30 years into West Yorkshire Investment Fund with a 25%/75% capital/revenue split
- Government commitment to work with West Yorkshire to develop modern mass transit system through access to a new five-year integrated transport settlement
- £317m from the Transforming Cities Fund to dramatically improve access to public transport, cycling and walking
- Access to bus franchising powers