Decision details

That Cabinet approves proposal to maintain the pre-Covid levels of concessionary fares reimbursement for local bus operators for the financial year April 2023 to March 2024 in line with the Department for Transport (DfT) Supplementary Note for 2023-24 (see Appendix 1) Which will enable monthly concessionary payments to be made at a Pre Covid-19 reimbursement level, on the basis that local bus services are likewise maintained at an equivalent to Pre Covid levels. Which would be reviewed on a six-monthly basis in recognition of the ever-changing market environment.

Furthermore, that Cabinet approves the retention of remaining revenue funding currently budgeted for concessionary travel reimbursement, above the outlined levels of reimbursement, for the purpose of providing further support to local bus services on the Island and other transport related pressures. Any decisions on funding would be carried out in consultation with the Director of Finance Services/S151 Officer and the Cabinet Member for Transport and Infrastructure, Highways PFI and Transport Strategy