The first presentation at the Policy Meeting was given by Duncan Buchanan of the Department for Transport (DfT), who spoke on "Towards a Sustainable Transport System: Update on Mode-shift grants and SLM values".
described progress on DfT's Freight Grants review, clarified the increase in multimodal grant funding announced earlier in September, and explained that there will be a consultation at year-end on Mode-shift Externalities Values (MEVs), which are to replace SLM values in calculating multimodal grant awards.
said that in order to ensure consistency between funding bids, DfT
had calculated MEVs on the same assumptions about future oil prices as used in other Government departments: however, he
recognised that there is now a question regarding the most appropriate vales to use.
TaSTS and the Mode-Shift Grants Review - Duncan Buchanan, Head, Sustainable Distribution Policy, Freight and Logistics Division, Department for Transport