SCHEDULE Bus Operator Financial Assistance Scheme 2022

Provision of financial assistance
6. (1) The Department may, in accordance with the following provisions, make a financial assistance payment to any eligible person.
(2) That financial assistance payment shall constitute a single payment, by way of a grant, to each eligible person in accordance with sub-paragraphs (3) to (5).
(3) For each eligible person, the amount payable shall be the lower of—
(a) the total of an amount of £13,350, for the first eligible vehicle, plus an amount of £7,400 for each additional eligible vehicle; or
(b) the amount by which that person’s eligible expenditure exceeds their eligible income for the eligible period.
(4) Financial assistance payments to eligible persons shall be on such other terms and conditions as the Department may specify.
(5) In this paragraph—
(a) “eligible expenditure” means the total expenditure for the eligible period declared in the application or as may be determined by the Department based on the information provided by the applicant in accordance with the requirements of the notice published under paragraph 4(1) and under paragraph 4(4) if appropriate; and
(b) “eligible vehicles” means vehicles registered on an eligible person’s bus operator’s licence at 23rd March 2020 adjusted to reflect vehicle sales and vehicle purchases relevant to the period beginning on 23rd March 2020 and ending on 31st January 2022 that the Department is satisfied are supported by the application.