North East BSIP: £804 Million Pound Plan For North East Buses
North East BSIP: £804 Million Pound Plan For North East Buses
There are numerous ways CONC reimbursements are calculated to ensure a bus operator is "no better or worse off", most of them pretty complex and non of them I am aware only look at average single fares as there has to be an assumption that some of those passholder would have bought day or weekly tickets if it wasn't for the free pass.
There is a nice 120 page guide on the DfT website for those wanting knowledge of the matter and the actual guidance for calculations
