Agenda item - Concessionary Fares and Bus Service Improvement Plan Update

1)             Cabinet notes the conclusion of negotiations on concessionary fares payments with bus operators and agrees to the payment of the fixed deals as set out in Part 2 of this report.

2)             Cabinet agrees to the use of negotiated fixed deals as the preferred option for the next 3 years with all bus operators for the reimbursement of concessionary fares and grants delegated authority to the Corporate Director for City Services to conduct and conclude such negotiations so that expenditure is less than would otherwise be calculated using the new DfT calculator.

3)             Cabinet approves the BSIP Delivery Plan required for release of the 2025-26 Bus Grant totalling £9.729 million.