The Sheffield City Region Combined Authority is setting aside £7m of reserves in 2021/22 to help cover the possibility that the DfT’s Covid-19 bus funding is insufficient to deliver all priority services.
Irrespective of how the Covid-19 pandemic plays out, the combined authority does not expect bus patronage to recover beyond 80 per cent of pre-Covid levels in 2021/22.
“Left unabated, this would leave a full-year revenue shortfall for operators of circa £24m and...
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