Announced as part of the Prime Minister’s speech to the CBI Annual Conference 2014, the programme will see the funds invested by the end of the decade on projects including hundreds of extra lane miles on motorways and trunk roads.

The project is intended to ‘improve the lives of hardworking commuters, back business and enterprise all across the country’ as part of the Government's new long-term investment plan into the road network.

Responding to the announcement, Matt Dyer, managing director at LeasePlan UK, said: ‘Britain’s business community is reliant on the quality of our roads to successfully drive economic recovery forward. LeasePlan has long campaigned for more funding to be directed towards this vital part of the nation’s transport infrastructure. As we approach traditionally challenging winter driving conditions the Strategic Roads Network, along with other key links, is in dire need of an upgrade. Work on improvements and repairs cannot begin soon enough.

‘It is my hope that, regardless of which party or parties form the next Government, this commitment to a “roads revolution” will be delivered in a timely fashion to benefit thousands of driver-reliant businesses across the UK.’