Rachel Reeves has put investment at the heart of her first spending review.
The Chancellor has given the go-ahead for new train, bus and tram links across the country, with £15.6bn promised for local transport projects for England’s city regions between 2027 and 2032.
In Wales, railways will receive a £445m boost to be spent on projects such as fixing level crossings, building new stations and upgrading railway lines.
And, after years of uncertainty, the Chancellor has announced that the proposed Sizewell C nuclear power station in Suffolk will be built with £14.2bn of Government cash.
Meanwhile, the Government has named Rolls-Royce as its preferred bidder to build a new generation of small modular reactors, sometimes known as “mini-nukes”, which can be thought of as “mini-nuclear power stations“, with an initial investment of £2.5bn.
It brings the total amount pledged on longer-term capital investment projects, which differ from the day-to-day spending allocations of individual Government departments, to £113bn.
Use the interactive map below to find out if your local area will benefit from the investment announced today.
Reeves pledged the “largest settlements in real terms since devolution was introduced” promising “£52bn for Scotland, £20bn for Northern Ireland by the end of the spending review period, and £23bn for Wales”.
Concluding her speech, she said the spending review would “deliver the priorities” of the British people, telling MPs: “This is a spending review to deliver the priorities of the British people.
“I have made my choices. In place of chaos, I choose stability. In place of decline, I choose investment. In place of pessimism, division and defeatism… …I choose national renewal. These are my choices. These are Labour’s choices. These are the choices of the British people.”
New projects coming to an area near you – mapped (Photo: The i Paper)Among her announcements, Reeves confirmed South Yorkshire will receive £1.5bn, with £530m being used to renew the tram network and £350m being allocated for reform of the region’s buses, with franchised buses operating in Sheffield, Doncaster and Rotherham by 2027 and across the whole of South Yorkshire by 2029.
Around £2.1bn will be provided to the Mayor of West Yorkshire, Tracy Brabin, to start building the West Yorkshire Mass Transit system by 2028, with the aim of first services by the mid-2030s. There will also be new bus stations at Bradford and Wakefield.
West Midlands Mayor Richard Parker will receive £2.4bn to build a metro extension to Birmingham’s sports quarter – a key ask of Birmingham City FC, which wants to build a new stadium and redevelop the surrounding area.
Reeves announced what HM Treasury has described as the “largest multi-year settlement for London in over a decade, with £2.2bn of funding between 2026-27 and 2029-30 for Transport for London’s capital renewals programme”.
She also allocated £50m to support the redevelopment of Casement Park in west Belfast.
A further 3.5bn will also go towards the Transpennine Route Upgrade, which the Government says will “reduce the journey time for commuters travelling between Manchester and Leeds by a quarter”.
And another £2.5bn will be used to “progress the delivery of East West Rail, supporting housing developments and unlocking the potential of the Oxford to Cambridge Growth Corridor”.
Total pledged for each region
The Chancellor wants her spending review to benefit ‘people all over our country’
Andy Burnham, the Mayor of Greater Manchester, will also receive £2.5bn for the Metrolink tram network, paying for new stops in Bury, north Manchester and Oldham and a Metrolink extension to Stockport town centre.
Funding will also help pay for a fully electric Bee Network, planned for 2030, including bikes, trams and 1,000 new buses.
square IAN DUNT Rachel Reeves was right - now it's time to give her some credit
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The Liverpool City Region will get £1.6bn. Roughly £100m will go towards three new bus rapid transit routes, to the Liverpool John Lennon Airport, Everton stadium and Anfield.
Cash will also be used to buy a new fleet of buses for the city region’s franchised bus network, beginning with St Helens and the Wirral in 2026 and then Sefton, Knowsley, North and South Liverpool in 2027.
The West of England will receive £800m, including £150m to improve rail infrastructure across the region and £200m for a mass transit development between Bristol, Bath, South Gloucestershire and North Somerset.
Tory mayor Ben Houchen of the Tees Valley will receive £1bn, of which £60m will be spent on the Platform 3 extension at Middlesbrough station.
And the East Midlands will receive £2bn for a new mass transit system to connect Derby and Nottingham, encompassing road, rail and bus improvements across the Trent Arc corridor.
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