There are some oddities here:
- Newcastle to Berwick on Tweed? (I don't recall this one closing)
- Gravity Site - Bristol to Exeter Mainline Railway (what on earth? Is it downhill all the way?)
- Extension of the Riviera Line (I assume that's Cornwall - but where to? Taking over the Dartmouth heritage line??)
(pity DfT can't spell Harrogate, but that's a detail).
The more you look at this the more you realise it's just political puff. 75% of the costs of developing a business case up to £50K? That's only going to work for amateur projects - the professionals won't turn a wheel for that much money. Any why launch round 3 before (as far as I know) any of Rounds 1 and 2 have reached the next stage? The 25 schemes funded so far at the "Ideas Fund" stage will cost the Treasury £1.25M - less than half the cost of the new Downing Street briefing room. They obviously think the publicity generated is worth it, and keeping the ball rolling on will maintain interest and make sure there aren't any losers to complain.