- Millions of bus passengers across the country will continue to benefit from the £2 bus fare cap thanks to the Conservative Government.
- Supported by £200 million of Conservative Government funding, bus routes across the country will continue to cost passengers no more than £2 until October this year, and a further £300 million has been announced to protect vital routes and improve services.
- This means millions of passengers will benefit from cheap travel, as the Conservative Government supports people with the cost of living and works to halve inflation, grow the economy, reduce debt, stop the boats and cut waiting lists.
Mario Creatura has welcomed £3,923,922 of Conservative Government funding for bus companies and Surrey County Council to extend the £2 bus fare cap, as part of a £500 million investment to freeze bus fares nationally and improve vital local routes – ensuring passengers can continue to ‘Get Around for £2’ while ensuring the long-term sustainability of the sector.
The Conservative Government is investing £200 million in extending the cap for single bus fares at £2 outside of London until October 2023, and then at £2.50 until 30 November 2024.
Although the initial cap – announced at the start of this year – was introduced as a temporary measure, the scheme has successfully encouraged many more people to use local bus services, benefitting local economies, supporting jobs, and helping passengers with the cost of living.
A further £300 million has been announced to protect routes and services that are relied on for work, education, medical appointments, and shopping. As part of this, local transport authorities will receive £160 million to improve fares, services, and infrastructure, while £140 million will directly support operators in protecting essential services.
Commenting, Mario said:
“Buses are vital to people across Reigate and Banstead, helping so many locals access work, education, shops and appointments - and keeping the cost of fares down will make a real difference to the lives of the millions of people who use them every day.
“That is why I am delighted the Conservative Government will be committing £500 million across the country, extending the £2 cap fare and protecting and improving vital local routes.
“This will help people to keep costs down, as the Conservative work to halve inflation, grow the economy, and reduce debt.
Commenting, Transport Secretary, Mark Harper, said:
“Taking the bus is the most popular form of public transport and millions of people rely on these vital services every day.
“This half a billion pounds investment will help people save money amid cost of living pressures and continue to level up transport in all parts of the country, doing our bit to help halve inflation and grow the economy.”
- The Conservative Government is investing £500 million in extending the cap on bus fares and investing in local routes. £200 million will be invested in extending the £2 fare cap to the end of October 2023, after which fares will be capped at £2.50. £300 million is being invested in protecting vital local services that are used for travel to shops, medical appointments, and education (DfT, News story, 17 May 2023, link).
- The £2 bus fare cap was introduced in January 2023 as a temporary measure to support passengers with the cost of living. Operators such as Go-Ahead have carried more than 16 million passengers at £2 since 1 January 2023 (DfT, News story, 17 May 2023, link).