Decision details

That the Executive Director of Finance (S151 Officer), in consultation with the Executive Member for Finance:

Agrees to provide funding up to £16,263 to the operator of the Bus Service W8 between Wollaston, Bozeat and Wellingborough to cover the period from 20th October 2021 (or as soon as reasonably practical to start the service after this date) to 1st April 2022.

Accept the operator’s Cost Based bid at £496 per day, from which NNC would deduct on-bus revenue and English National Concessionary Travel Scheme to give an approximate net cost of £217 per day, or around £24,500 between end of October and 1st April. This is a higher cost, which may be off-set by growth in revenue if patronage grows, but that is not guaranteed and therefore is not recommended.
To decline both the subsidy based bid and the cost based bid: this would result in the service terminating in November.
To provide funding for a longer period: it is considered more appropriate for NNC to consider any future funding as part of the 2022/23 budget setting process.

Accept the operator’s Cost Based bid at £496 per day, from which NNC would deduct on-bus revenue and English National Concessionary Travel Scheme to give an approximate net cost of £217 per day, or around £24,500 between end of October and 1st April. This is a higher cost, which may be off-set by growth in revenue if patronage grows, but that is not guaranteed and therefore is not recommended.
To decline both the subsidy based bid and the cost based bid: this would result in the service terminating in November.
To provide funding for a longer period: it is considered more appropriate for NNC to consider any future funding as part of the 2022/23 budget setting process.