When is government funding not government funding?

… When you announce a fund of £1.7 billion and, in the same press release, announce that you have only agreed to spend £250 million!

“… The Transforming Cities fund aims to improve connectivity, reduce congestion and bring in new technology to create high-quality jobs and spread wealth around the country.

Some £250m has already been allocated to the West Midlands. …”

https://news.sky.com/story/theresa-may-reveals-16317bn-transport-boost-ahead-of-budget-11135211

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