Research and analysis

Impacts of transport investment on local growth

Assesses the transformational impact transport investment could have on local economic development and devolution in the UK.

• From: Department for Transport
• Published: 31 October 2024

Documents

Understanding the transformational change potential of local transport investment on local economic development

PDF, 243 KB, 9 pages

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Details

This research explores the potential for transport investment to have a significant impact on local economic development, including devolution, and how it can be better incorporated into appraisal.

It also explores the factors that could hold this change back, which can affect local development projects. 

The report focuses on the following themes:

• how transport infrastructure affects land use and economic development
• local growth and transformation
• impacts of transport investment on the local economy as it affects local economic growth (for example, clustering and sectoral effects)
• transformative land use and housing, including planning and land frictions
• transformative land use and institutions, including strategic approach and devolution

Professor Peter Tyler from University of Cambridge conducted this research on behalf of Department for Transport.

Published 31 October 2024