Transport Select Committee – 6 March 2024
E-Rail remains busy supporting transport authorities across the UK to secure landowner contributions, through Land Value Capture (LVC), towards funding important new railway stations and schemes.
We were pleased for the rail industry endorsement, and recognition of the positive impact our LVC methodology has had to help fund the Northumberland Line, as highlighted by Rail Minister, Huw Merriman at the Transport Select Committee on the 6th March.
Our method is adaptable and can be used for individual stations, or large new rail corridors such as East West Rail, where LVC could potentially support funding the future project stages between Oxford, Bedford and Cambridge.
With E-Rail, control remains with the public sector proponent and the independence of planning and transport processes are protected. Our method works across all levels of government in the UK including unitary, non-unitary, and regional authorities.