Figures released by the Department for Communities and Local Government last week, show that expenditure by local authorities has increased by 5.2 per cent, rising from £21.5 billion in 2014-15 to £22.6 billion in 2015-16.
Highways and transport showed the largest increase in capital expenditure of £0.9 billion in 2015-16, to £8.3 billion.
58.4 per cent or £0.5 billion of this increase in expenditure was due to Transport for London (TfL) who are responsible for 51.9 per cent of the England transport expenditure total.
TfL stated final payments to Crossrail as a reason for this year’s increase.
Planning and development services saw the second largest increase of £0.2 billion in capital expenditure, to £1.7 billion overall.
Investment within both the transport and housing infrastructure marketplace is very encouraging for current the jobs market.