SPITSHome
SOUTH PENNINES INTEGRATED TRANSPORT STRATEGY

APPENDIX H

CURRENT FUNDING FORMULA FOR SPITS BUDGET

The current formula of shares for the 2000/2001 budget which was approved at the Peak Park Transport Forum meeting of 13 December 1999 (Minute no. 14/99) is as follows:

Based on subscriptions of £1,400 per share –

3 shares - Peak District National Park Authority, Derbyshire County Council, Government Office East Midlands and Highways Agency

2 shares - other highway authorities, Passenger Transport Executives and Railtrack

1 share - other authorities and agencies

The funding levels are agreed on an annual basis, and would normally cover core

staffing costs, research and development initiatives or contributions to existing

studies, monitoring, participation and publicity costs.

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