Wales to receive additional £64.5m as a result of transport funding in England - Business Leader News

Wales to receive additional £64.5m as a result of transport funding in England

Wales will receive an additional £64.5m 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 £7bn 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 £2.2bn.

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.”