Skip to main content

Bus Grant

Volume 928: debated on Monday 14 March 1977

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Secretary of State for Transport whether he will make a statement on the rate and level of new bus grant to be available to the bus industry in 1977–78.

Yes. I have decided that for 1977–78 new bus grant should continue to be paid at the rate of 50 per cent. on approved capital expenditure. The grant will be subject to a cash limit of £48·8 million and this level is intended to enable about the same number of vehicles to be purchased with the aid of grant as are being purchased in 1976–77. I am discussing the allocations to individual operators with the Confederation of Passenger Transport and the local authority associations. I am considering the longer-term future of new bus grant in the context of the transport policy review.