Finding the optimum: revenue / capital investment balance for sustainable travel
2014
This report sets out the findings of research commissioned by the Department for Transport to consider these possibilities and to understand the extent to which revenue measures have a role to play - alongside capital investment - in order to achieve a shift in travel behaviour towards cycling, public transport and other sustainable modes. It explores the following questions: 1. To what extent is there a demand for revenue funding from local authorities? 2. What are the outputs that can be delivered as a result of revenue investment? 3. What are the outcomes that can be delivered as a result of revenue investment? 4. How much value does revenue investment add to capital-based projects? 5. Is there an optimal ratio of revenue to capital investment for a project to be effective? 6. What are the policy benefits of an investment programme that includes revenue as well as capital funding? The overall intention of the research has been to inform the ways in which national time-limited funding programmes can achieve the most change with a balance of capital and revenue funding. The main focus has therefore been on the interaction of capital and revenue funding, not one in isolation of the other. The report does not deal with the issue that sustainable modes of transport may require ongoing revenue support under particular demographic and geographic circumstances (for example regional rail services or rural bus networks), and does not attempt to discuss the many social and environmental justifications for such revenue expenditure.
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