Go-Ahead Group PLC Go-Ahead welcomes further bus funding package (3733E)
07 July 2021 - 4:00PM
UK Regulatory
TIDMGOG
RNS Number : 3733E
Go-Ahead Group PLC
07 July 2021
The Go-Ahead Group plc 4 Matthew Parker Street,
London, SW1H 9NP
Telephone 020 7799 8999
PRESS RELEASE
7 July 2021
THE GO-AHEAD GROUP PLC
("GO-AHEAD" OR "THE GROUP")
Go-Ahead welcomes further funding package for bus services in
England
Go-Ahead today welcomes the announcement from the Department for
Transport (DfT) regarding extended funding of bus services in
England, to be provided by the UK Government.
In its statement issued on 6 July, the DfT announced a further
GBP226.4m funding package, taking effect from expiry of current
arrangements in September 2021 until April 2022. This reflects the
Government's decision to provide a level of support to the bus
network while customer numbers recover following the anticipated
ending of COVID-19 restrictions later this month.
Earlier this year the Government published the National Bus
Strategy. The measures it contains to support more bus priority and
local improvement plans will help ensure continued passenger
growth, and the recovery of the market.
Go-Ahead CEO, David Brown, said:
"The support we have received from Government over the last 16
months has enabled us to continue to provide vital services to
communities, including essential journeys during the various
lockdowns. Passenger numbers are now around 65% of pre-COVID
levels. We look forward to welcoming more customers on our services
as restrictions end, helping support economic recovery, reducing
emissions and revitalising our towns and cities.
"The National Bus Strategy provides a framework for bus journeys
to become quicker, more reliable and convenient. We will continue
to work in partnership with local authorities to develop our
services and make it easier for people to choose the bus and leave
their cars at home."
ENDS
For further information, please contact:
Investor Relations 07835 691 828
Press office 07896 968 971
GO-AHEAD
Go-Ahead is one of the leading UK public transport operator
companies. Our purpose is to be the local partner taking care of
journeys that enhance the lives and wellbeing of our communities
across the world. Employing around 30,000 people across our
businesses, typically over 1.2 billion passenger journeys are
undertaken on our rail and bus services every year. In addition to
the travelling public, our customers include governments and local
authorities. We are committed to contributing to tackling climate
change, improving air quality and reducing social isolation, and
aim to run a zero emission bus fleet by 2035.
BUS
Go-Ahead is one of the UK's largest bus operators. With a fleet
of nearly 6,000 buses, we carry over two million passengers every
day. We have a strong presence in London, with around 24 per cent
market share, where we provide regulated services for Transport for
London. Outside London, we principally serve high-density commuter
markets, including the North East, Greater Manchester, East
Yorkshire, East Anglia, South East and South West England.
Internationally, we operate a bus contract in Singapore and two bus
contracts in Ireland.
RAIL
The rail division operates two franchises in the UK, three
contracts in Germany and one in Norway. In the UK, Southeastern and
GTR (Govia Thameslink Railway) operate through our 65 per cent
owned subsidiary, Govia, which is 35 per cent owned by Keolis. It
is the largest rail operation in the UK, responsible for around 30
per cent of all UK passenger rail journeys through its rail
franchises. In Germany and Norway, our contracts are run
exclusively by Go-Ahead.
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END
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