Decision Maker: Executive Director - Finance & Performance
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
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.
Publication date: 18/10/2021
Date of decision: 18/10/2021
Accompanying Documents: