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<p>An assessment has not been made of the cost of bidding for funds from the Transforming
Cities Fund, but the Government is mindful of the cost to Local Authorities of bidding
for local transport funding. That is why the bidding process for the Transforming
Cities Fund has been designed to be light-touch, and eligibility has been limited
to the largest English cities to maximise cost-effectiveness for bidders while still
delivering value for money for the taxpayer.</p><p> </p><p>City regions have been
initially encouraged to provide light-touch expressions of interest through a Call
for Proposals, and the Department will work closely with shortlisted city regions
to develop the strongest possible proposals.</p>
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