- Tom Randall MP welcomes the beginning of the Conservative Government’s Network North plan, which will invest £1 billion of HS2 savings to deliver long-term improvements to bus services across the Midlands and the North.
- £150 million of this funding is being invested now with Nottinghamshire County Council receiving £4,691,000 and Nottingham City Council receiving £1,840,000 for 2024-25. The £2 bus fare cap has also been extended across England until 31 December 2024 – bringing total investment in the cap to £600 million.
- This announcement is only possible due to the long-term decision the Conservative Government have taken to redirect every penny of savings from HS2 in transport projects across the country – benefitting more people in more places, more quickly.
Gedling’s MP Tom Randall welcomes £150 million investment into bus services across the Midlands and the North, thanks to savings from HS2.
The East Midlands will receive a share of the £150 million – the first part of a £1 billion investment into bus services from Network North – using savings from HS2 to improve more journeys for more people. Nottinghamshire County Council and Nottingham City Council will receive a combined £6,531,000 from the funding pot, supporting bus routes that serve Gedling.
While it is up to local authorities in partnership with operators to decide how best to use the funding, the new funding for next year is enough to support up to 25 million miles of new bus services across the North and Midlands, helping local authorities provide more regular and reliable services or cheaper fares delivered through fare initiatives and ticket price caps.
This funding comes on top of the Conservative Government’s unprecedented investment of over £3.5 billion for the bus sector since March 2020 to support its recovery from the pandemic, drive improvements to local bus services and encourage more use of buses.
The Conservative Government have also announced the £2 bus fare cap is extended across the country from next week until 31 December 2024.
Commenting, Tom Randall MP said: “Taking the bus is the most popular form of public transport, which is why the Government is right to make the long-term decision to reinvest every penny of savings from HS2 into local transport.
“The combined £6,531,000 of funding for Nottinghamshire County Council and Nottingham City Council will be transformational for people across Gedling, improving services and making them cheaper and more reliable.
“Today’s announcement is only possible due to the long-term decision taken to redirect every penny of savings from HS2 in transport projects across the country – benefitting more people in more places, more quickly.”
Commenting, Transport Secretary, Mark Harper said: “Buses are the most popular form of public transport, which is why we are continuing to back our buses with record high levels of funding – supporting vital bus services and offering affordable travel for passengers.
“This increase in funding to deliver more reliable, frequent and affordable local bus services – and to extend the £2 bus fare cap – has only been possible with the redirected HS2 funding secured by this government making the right long-term decisions for a brighter future.”