Transport Innovation Fund
The Transport Innovation Fund (TIF) was a transport funding mechanism in England, that has been replaced by the Urban Challenge Fund in March 2010. Its creation was announced by Her Majesty's Government in the July 2004 White Paper, ’The Future of Transport’. The fund had two strands for supporting different types of project: Congestion TIF where local authorities bid for funds for their own schemes; and Productivity TIF where the DfT would identify schemes of national importance.
TIF represented a new approach by the Department for Transport (DfT) to allocating some of its budget for England. The fund did not apply to Scotland, Wales or Northern Ireland but they would not lose out because the budget for the fund will come from England’s overall allocation, calculated by a mechanism known as the Barnett formula.
Read more about Transport Innovation Fund: Congestion TIF Schemes, Bidders, Size of The Fund, Other Transport Funding Mechanisms, Size of TIF Compared To Other Funding Mechanisms
Famous quotes containing the words transport, innovation and/or fund:
“One may disavow and disclaim vices that surprise us, and whereto our passions transport us; but those which by long habits are rooted in a strong and ... powerful will are not subject to contradiction. Repentance is but a denying of our will, and an opposition of our fantasies.”
—Michel de Montaigne (1533–1592)
“Both cultures encourage innovation and experimentation, but are likely to reject the innovator if his innovation is not accepted by audiences. High culture experiments that are rejected by audiences in the creator’s lifetime may, however, become classics in another era, whereas popular culture experiments are forgotten if not immediately successful. Even so, in both cultures innovation is rare, although in high culture it is celebrated and in popular culture it is taken for granted.”
—Herbert J. Gans (b. 1927)
“School success is not predicted by a child’s fund of facts or a precocious ability to read as much as by emotional and social measures; being self-assured and interested: knowing what kind of behavior is expected and how to rein in the impulse to misbehave; being able to wait, to follow directions, and to turn to teachers for help; and expressing needs while getting along with other children.”
—Daniel Goleman (20th century)