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20 November 2024

£1 million funding boost for bus services

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An update from our Parlimentary Advisors

The Department for Transport has announced a substantial £955 million investment to enhance bus services across England until 2026, including £712 million for local authorities and £243 million for operators to keep fares affordable and services frequent. This funding aims to address long-standing issues of inconsistent and complicated financing, particularly benefiting underserved rural areas and small towns. The reforms focus on ensuring reliable service, protecting essential routes, and simplifying fund allocation based on need and deprivation levels, ending past competition for resources.

Transport Secretary Louise Haigh highlighted that improved bus services are crucial for community access, economic growth, and reliable transportation for essential activities, such as hospital visits. The funding will also support community events, tourism, and social mobility. Major beneficiaries include South Yorkshire, Liverpool City Region, and rural counties like Lancashire and Kent.

Additional measures include a fare cap of £3 until December 2025, enabling substantial savings for passengers. These efforts are part of broader plans to grant local authorities more control over bus services through upcoming legislation, fostering integrated and passenger-focused networks. The investment is expected to stimulate economic growth, create jobs, and support local communities.

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