Wales to receive additional £64.5m as a result of transport funding in England
The UK Government has now provided over £2.2 billion in direct funding to Wales in order to manage the impact of coronavirus
Wales will receive an additional £64.5 million as a result of UK Government funding allocated to Transport for London earlier this week.
The UK Government is committed to a four nations response to COVID-19 and has so far announced over £7 billion of additional funding to the devolved administrations to support people, business and public services in Wales, Scotland, and Northern Ireland.
The total amount of funding provided by the UK Government to support the effort to tackle the coronavirus in Wales currently stands at over £2.2 billion.
This funding is in addition to the UK-wide measures that the people and businesses in Wales can access, such as the Coronavirus Job Retention Scheme, the Self-Employed Income Support Scheme and the Coronavirus Business Interruption Loan Scheme.
Secretary of State for Wales Simon Hart said:
Many transport organisations across the UK are facing hardship as a result of the impact of the coronavirus pandemic, and those in Wales are no exception.
While we are urging people to work from home where possible and only to travel when absolutely necessary, there are still those who need to travel to work and people need to be able to travel safely while respecting social distancing once restrictions are gradually lifted.
While it is up to the Welsh Government to decide how to allocate this additional funding, key transport services require protection so they can support Wales’ economic recovery from COVID-19.
ENDS
Notes to editors
- The UK Government agreed a £1.6 billion funding and financing package for Transport for London.
- The deal, a grant of £1.095 billion and a loan of £505 million, runs until October 2020.