Intelligent Transport Systems UK (ITS UK), the industry association for transport technology, has responded to the Spring Budget.
Max Sugarman, Chief Executive of Intelligent Transport Systems UK (ITS UK), said: “The Chancellor’s Budget today sets out some positive news on AI, science and technology, all of which will support the UK’s ambitions to become a science superpower over the coming years. Transport can play a central role in this vision too – the UK is already home to a highly innovative intelligent transport sector, conservatively valued at £1.5bn, and with the potential to support £15bn in economic growth going forward.
“To unlock the full potential of the intelligent transport sector, the industry needs the right policy environment. This means the introduction a Future Transport Bill that supports new technologies like autonomous vehicles, drones, remote driving and e-scooters. It means shifting to a dynamic national pay-as-you-drive scheme that incentivises low carbon travel, and the roll out of smart ticketing on the rail and bus network. It requires the opening up of data from the transport network and the better integration of different transport modes, with support for Mobility as a Service schemes.
“Through investment in transport technology the UK can reduce carbon emissions, deliver more cost-effective capacity and improve safety, whilst also supporting a world-leading industry and the economic growth it provides.”
Note to Editors
- The Spring Budget documents can be found here.
- About ITS UK: Intelligent Transport Systems UK (ITS UK) is the voice of the transport technology industry. ITS UK provides a national platform to support the roll out of technology for a cleaner, safer and more effective transport network, both at home and abroad. We support our 160+ members – from both the private and public sector, and covering all sizes and disciplines – through advocacy to policy makers, connecting people and organisations, promoting the industry overseas and supporting innovation across the intelligent transport ecosystem. www.its-uk.org.uk