Tyne and Wear Passenger Transport Executive: Finance
(asked on 24th July 2018) - View Source
Question to the Department for Transport:
To ask the Secretary of State for Transport, how much funding his Department has allocated to Nexus in each year since 2010.
The Department has provided Nexus Metro with significant funding every year. The specific amounts covering capital and revenue funding are:
2010/2011 | £ 60,641,372 |
2011/2012 | £ 59,594,546 |
2012/2013 | £ 57,787,939 |
2013/2014 | £ 57,222,753 |
2014/2015 | £ 52,423,624 |
2015/2016 | £ 57,057,851 |
2016/2017 | £ 56,771,798 |
2017/2018 | £ 49,311,586 |
2018/2019 * | £ 49,248,356 |
* Grant claimed based upon estimated figure
Note that the grant payable since 2010/11 has been subject to indexation and taking account of expected efficiencies.
Furthermore, in the 2017 Autumn Budget, the Chancellor announced a £337m direct grant to deliver a new fleet of trains for the Tyne and Wear Metro.