Question to the Department for Transport:
To ask the Secretary of State for Transport, with reference to his Departments news story entitled Major £150 million funding boost for local bus services as fare cap set to be extended, published on 23 October 2023, whether the £150 million of redirected HS2 funding (a) previously formed and (b) now forms part of his Department's (i) capital or (ii) resource budget.
The £150m is new funding that is in addition to the £1.1 billion for BSIPs announced in 2022 and 2023, as well as the £300 million to protect and enhance bus services through Bus Service Operators Grant plus (BSOG+) and Bus Services Improvement Plan plus (BSIP+) announced in May this year.
The £150m will form part of the department’s Resource budget in the 24/25 financial year.