A £150 million boost will enhance bus services across the Midlands and Northern England over the next financial year.

The Transport Secretary announced the cash injection today, signalling the first rollout of £1 billion worth of government funding dedicated to improving bus services under the Network North Plan.

It is up to local authorities, in partnership with operators, to decide how to use the money which has been sourced from reallocated HS2 funding.

The initiative could lead to increased regularity and reliability of services, or reduced fares through capped ticket prices.

Prime Minister, Rishi Sunak said: “We’re backing buses with one of the biggest ever support packages and keeping bus fares down to ensure the country’s favourite means of transport is more affordable for millions of people."

The 'Get Around For £2' scheme, initially set to increase to £2.50, will be maintained until December 31, 2024.

Vulnerable community members also benefit from a 60 per cent funding surge for community services.

Chief Executive of the Community Transport Association, Victoria Armstrong, said: "We welcome DfT’s announcement increasing the funding for Community Transport organisations and are pleased that the DfT has listened to the needs of the Community Transport sector and responded by increasing this essential funding."