What is the funding allocation formula used by the Welsh Government to finance the corporate joint committees for regional transport plans?
In our new Regional Transport Fund, funding will be distributed between the four regions of Wales by formula. The General Capital Fund (Road Maintenance) formula will be used to allocate capital funding. This is made up of three elements: enhanced population, weighted road length and traffic flow. The largest weighting (41%) is based on enhanced population, which accounts for residents and visitors in the region. However, adjusting for road length reflects the fact that the costs of transport are greater in rural areas, which have more roads (and other transport infrastructure) per person than urban areas. Traffic flow has also been found to affect transport costs. Revenue funding will be allocated using the road safety formula.
Each region has been provided with the indicative allocations in the table below, based on these formulae. These figures are provided to help guide local authorities in developing their programmes. However, all funding is subject to decisions on the final Welsh Government budget. The draft Welsh Government budget also provides £6m in 2026-27 to support the South East Wales Burns review, in addition to these allocations.
|
Region |
Capital (£)
|
Revenue (£) |
CJC Admin (£) |
Total (£) |
|
North Wales |
28.3m |
£384k |
0.1m |
28.8m |
|
Mid Wales |
12.8m |
£172k |
0.1m |
13.1m |
|
South West Wales |
24.3m |
£349k |
0.1m |
24.7m |
|
South East Wales |
42.5m |
£695k |
0.1m |
43.3m |
|
Total – All Wales |
107.8m |
1.6m |
0.4m |
109.9m |