A change in approach
So today's post is something of a backtrack in our global plans. Previously, we've discussed the improvement overall of our fleet and the new vehicle investment which has taken place during 2021. We thought things might improve in the medium to longer term with local buses and with private hire work, and this was the foundation, if you like, of the investment we were making. The signs are not encouraging. The county council where we operate has submitted what is a 'very ambitious' BSIP bid for £160m and then some. The chances of that being awarded in full are somewhat slim given their historic disinterest in supporting a bus network in the county. The modern bus and coach world makes extensive use of finance for new vehicles. It is the only reasonable way you can get in large numbers of vehicles to meet the various 'requirements' of operating in the modern world. There are a few operators sufficiently rich enough to write cheques when they buy new vehicles, s