Philip Hammond’s first Autumn Statement as Chancellor was one packed with positive news featuring ambitious spend on infrastructure, R&D and innovation. The government has outlined a strong commitment to boosting economic stability in the coming years while simultaneously rebuilding business confidence.
As the UK is set to refocus its efforts on establishing a competitive advantage in the post Brexit era, robust funding in support of future- focused transport projects is welcomed. The package of proposals will see a total of £390 million allocated to developing transport technologies of the future, which includes a sum of £100 million for new connected and autonomous vehicle testing infrastructure.
This is an exciting time for the transport sector. The development of an Industrial Strategy Challenge Fund will place innovation at its core, acting as a catalyst for growth and productivity. Two key priorities on the political agenda. Further to this, the government’s pro digital stance will create a supportive environment that fosters modernisation.
Importantly, this is a step in the right direction and will go a long way in ensuring we build mobility solutions that are fit for purpose for both this generation and the next.
Looking ahead, the Modern Transport Bill will play a key role in defining the UK’s position in this increasingly competitive market. Therefore, it is critical the government moves swiftly to establish a progressive legal and regulatory landscape.
Authored by: Kim Regisford, Atkins