WatcherZero
Established Member
- Joined
- 25 Feb 2010
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Headline figures:
Government support for the rail industry was £4.8bn, down 9.3% on last year due to higher franchise payments, for fifth successive year Government received more in franchise payments than it paid out in operating subsidy, £802m up from £40m last year.
Government support to Network Rail was £3.8bn up £349m on last year, additionally £1.1bn was spent on Crossrail, £576m on misc grants for non-network rail projects, BTP and Passenger Focus, £18m on freight subsidy, £123m in PTE Subsidy (down £59m on previous year) a net reduction of £19m in non-network rail funding.
The Government received a net profit of 1.3p for every passenger km travelled (0.7p the previous year). On a individual Toc per passenger km basis subsidy for 2014/15 breaks down as follows.
Merseyrail 12.4p (down 0.3p)
Scotrail 8.6p (down 7.9p but mainly due to large amount of Scottish investment in previous control period being amortised)
ATW 8.5p (down 5p)
Northern 4.9p (down 2.9p)
London Overground 3p (down 0.5p)
London Midland 2.7p (down 0.1p)
Transpennine 2.3p (down 1.4p)
Southeastern 0.7p (down 1.5p)
FGW -1p (up 0.3p)
CrossCountry -1.4p (down 2.4p)
C2C -1.7p (up 0.4p)
Virgin West Coast -1.8p (down 0.2p)
Chiltern -2.5p (down 2.1p)
East Midlands -3.5p (down 3.7p)
Virgin East Coast -3.9p (operated one month during the year, up 0.1p)
Southern -4p (up 0.9p)
Greater Anglia -4.1p (down 0.4p)
FCC -4.5p (up 0.7p)
East Coast -5.1p (operated 11 months, down 1p)
South West -6p (down 0.9p)
Net Franchise payments
Merseyrail £86.2m up £2.7m
Scotrail £261.1m down £233.3m
ATW £101.9m down £51.6m
Northern £112.7m down £59.4m
London Overground £26.1m down £2.6m
London Midland £62.9m down £3.2m
Transpennine £43.5m down £18m
Southeastern £32.5m down £64.4m
FGW -£62.1m down £11.7m (must have carried fewer passenger km? We can probably put this one down to engineering disruption)
CrossCountry £47.3m down £79.7m
C2C £-18m down £14m (must have carried considerably fewer passengers)
Virgin West Coast -£93.7m up £8.5m
Chiltern £-30.2m down £25.2m
East Midlands -£82.6m down £86.2m
Virgin East Coast -£17.6m in one month
Southern -£187.4m down £21.9m (another where subsidy per passenger km has risen despite increasing franchise payments)
Greater Anglia -£187.1m down £26.8m
FCC -£80m down £74.7m (another where subsidy per passenger km has risen despite increasing franchise payments)
East Coast -£249.1m down £34.7m in 11 months
South West -£374.3m down £62.3m
Thameslink -£99.8m first year of operation
Private investment in the railways, Signalling £1m (up £1m), Rolling Stock £715m (up £392m), stations -£128m (first time sale of station assets such as land and buildings has exceeded station investment i.e. retail income, previously average £30m a year) Other £60m (down £12m).
http://orr.gov.uk/__data/assets/pdf_file/0005/18842/rail-finance-statistical-release-2014-15.pdf
So to pull out a couple of interesting nuggets from subsidy, only two Tocs had falling net franchise payments, Merseyrail and Virgin West Coast. Four Tocs saw rising subsidy per passenger km (FGW, C2C, Southern and FCC) all other tocs had falling subsidy, some as much as between a third and a half.
Government support for the rail industry was £4.8bn, down 9.3% on last year due to higher franchise payments, for fifth successive year Government received more in franchise payments than it paid out in operating subsidy, £802m up from £40m last year.
Government support to Network Rail was £3.8bn up £349m on last year, additionally £1.1bn was spent on Crossrail, £576m on misc grants for non-network rail projects, BTP and Passenger Focus, £18m on freight subsidy, £123m in PTE Subsidy (down £59m on previous year) a net reduction of £19m in non-network rail funding.
The Government received a net profit of 1.3p for every passenger km travelled (0.7p the previous year). On a individual Toc per passenger km basis subsidy for 2014/15 breaks down as follows.
Merseyrail 12.4p (down 0.3p)
Scotrail 8.6p (down 7.9p but mainly due to large amount of Scottish investment in previous control period being amortised)
ATW 8.5p (down 5p)
Northern 4.9p (down 2.9p)
London Overground 3p (down 0.5p)
London Midland 2.7p (down 0.1p)
Transpennine 2.3p (down 1.4p)
Southeastern 0.7p (down 1.5p)
FGW -1p (up 0.3p)
CrossCountry -1.4p (down 2.4p)
C2C -1.7p (up 0.4p)
Virgin West Coast -1.8p (down 0.2p)
Chiltern -2.5p (down 2.1p)
East Midlands -3.5p (down 3.7p)
Virgin East Coast -3.9p (operated one month during the year, up 0.1p)
Southern -4p (up 0.9p)
Greater Anglia -4.1p (down 0.4p)
FCC -4.5p (up 0.7p)
East Coast -5.1p (operated 11 months, down 1p)
South West -6p (down 0.9p)
Net Franchise payments
Merseyrail £86.2m up £2.7m
Scotrail £261.1m down £233.3m
ATW £101.9m down £51.6m
Northern £112.7m down £59.4m
London Overground £26.1m down £2.6m
London Midland £62.9m down £3.2m
Transpennine £43.5m down £18m
Southeastern £32.5m down £64.4m
FGW -£62.1m down £11.7m (must have carried fewer passenger km? We can probably put this one down to engineering disruption)
CrossCountry £47.3m down £79.7m
C2C £-18m down £14m (must have carried considerably fewer passengers)
Virgin West Coast -£93.7m up £8.5m
Chiltern £-30.2m down £25.2m
East Midlands -£82.6m down £86.2m
Virgin East Coast -£17.6m in one month
Southern -£187.4m down £21.9m (another where subsidy per passenger km has risen despite increasing franchise payments)
Greater Anglia -£187.1m down £26.8m
FCC -£80m down £74.7m (another where subsidy per passenger km has risen despite increasing franchise payments)
East Coast -£249.1m down £34.7m in 11 months
South West -£374.3m down £62.3m
Thameslink -£99.8m first year of operation
Private investment in the railways, Signalling £1m (up £1m), Rolling Stock £715m (up £392m), stations -£128m (first time sale of station assets such as land and buildings has exceeded station investment i.e. retail income, previously average £30m a year) Other £60m (down £12m).
http://orr.gov.uk/__data/assets/pdf_file/0005/18842/rail-finance-statistical-release-2014-15.pdf
So to pull out a couple of interesting nuggets from subsidy, only two Tocs had falling net franchise payments, Merseyrail and Virgin West Coast. Four Tocs saw rising subsidy per passenger km (FGW, C2C, Southern and FCC) all other tocs had falling subsidy, some as much as between a third and a half.
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