M

Member

Speaking in the House of Lords on 5 November 2024

Debate

Franchising Schemes (Franchising Authorities) (England) Regulations 2024

Contribution

The noble Lord wanted to know whether there was any money to do this. The answer is that there is some money. The investment of more than £1 billion in 2025-26 to support and improve bus services and keep fares affordable is being spent not only on the national bus fare cap of £3 from 1 January 2025 but includes £640 million for local transport authorities to support and improve bus services in bus service improvement fund planning and £285 million for the bus service operators grant to continue running and protect existing services.

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