Tim Davies, Head of the Bristol Office of commercial property specialist Colliers International comments:
“As someone who knows only too well the struggle involved in making a simple journey into or across Bristol, I am delighted that the city is to benefit from the £1.7bn ‘Transforming Cities Fund’ announced by the Chancellor in the 2017 Autumn Budget.
“The fund is designed to improve transport in English cities, and half of it will be allocated to the six Combined Authorities with Metro Mayors. The exact amount that the West of England Combined Authority will receive is unclear, but what is without doubt is that this funding is very much needed to address Bristol’s transport problems.
“Bristol is a popular place to live, visit and do business in, but in order to encourage growth and to stimulate the local economy it is essential to have an infrastructure that can cope, which clearly is not to case at present given the congested roads and crowded trains and buses that are a fact of daily working life in the city.”
