Growth-led investment decisions start with a vision for an economic future that is aligned to national and regional economic strategies. In turn, economic strategies are supported by a programme of investment in economic and social infrastructure.
Better transport connectivity and accessibility can improve access to jobs, increase the number of customers that businesses can reach, and reduces barriers to trade and competition. This creates efficiencies that can lead to improvements in productivity, competitiveness and output across different industry sectors.
Transport and transport-related infrastructure investment is vital to the creation and maintenance of networks between people, enabling society to function effectively. The investment can improve economic performance, increase social capital and help to rebalance the economy.
In this part of the Guidance Tool we describe the relationship between transport and the economy to help build a narrative to support investment.