New Sustainable Transport Funding scheme announced by Govt

Details of the long awaited Sustainable Transport Fund have just been announced by Government.
http://www.dft.gov.uk/press/speechesstatements/statements/baker20101213

It has been claimed that this will replace the cycle promotion work of the specific cycling body, Cycling England, which has been cut to save 500m a year.
This body funded many progressive, innovative and popular cycling schemes, and only had a staff of 3 people, with no fixed offices, overheads, or admin costs.
Meanwhile the hugely expensive and bureaucratic Construction Industry Scheme (CIS) remains…