E-Rail seeks to bring LVC funding to more schemes in the North East

E-Rail has been commissioned by Transport North East to bring its ground-breaking Land Value Capture (LVC) methodology to transport schemes in the region.

This comes after E-Rail successfully worked with Northumberland County Council to secure the first true LVC in the UK, generating up to 30% of the cost of reopening the Northumberland Line.

George Hazel, Director of E-Rail said: “Transport North East shares our aspirations to improve the lives of people by improving connectivity through investment in enhancing the UK rail network.

“We’re extremely excited to be working more widely in the North East, following the success in Northumberland. It is becoming clear that LVC is increasingly being taken seriously as one of the key strategic funding components for new fixed transport infrastructure projects.”