The Government have established a publicly owned company, which will take over the management of the franchise when National Express East Coast ceases to operate. The Department for Transport is working with National Express to ensure and orderly handover of operations.
The Department for Transport has sufficient budget cover to fund any shortfall for the operation of services on the East Coast Main Line at the point that National Express East Coast ceases to operate under their current franchise agreement. The Government intend to re-let the franchise in due course; the requirement for public support thereafter will depend upon the terms of the winning bid awarded by a competitive process.