England’s second-largest municipal bus operator invests £3m a year into the network by not having to pay dividends.
Reading Buses, the second-largest municipal operator in England, is owned by Reading Borough Council. As a municipally owned bus service, Reading Buses can invest an additional £3 million a year in the bus network (around 12 – 15% of its annual turnover) because it doesn’t pay out dividends to private shareholders. The extra money means better quality buses, and is one reason why more people take the bus in Reading.
The company has been repeatedly recognised with industry awards and high ratings for efficiency, cost and customer perception. The 2016 UK Bus Awards were a resounding success for public ownership – with publicly owned Reading buses winning three awards.
Tags Municipal ownership
- Municipal bus companies: can public ownership be profitable? New Statesman, 13/6/18
- Reclaiming Our Buses: Following Scotland’s Example. New Socialist, 20/6/19
- Reading Buses staff 'humbled' by latest awards haul. Get Reading, 30/11/16
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