Funding and spending
West Yorkshire Combined Authority’s total income in 2018/19 is £319 million - find out where our revenue comes from and how we spend it to support the growth and prosperity of the region.
Our total income in 2018/19 is £319 million. The majority of our revenue funding (£94 million) comes from the transport levy that West Yorkshire councils collect as part of their Council Tax and other transport funding.
We spend £98 million on transport services – £46 million of this goes directly towards providing free travel for older people, which is a statutory obligation, with the rest going towards other local transport local priorities. This includes concessionary fares and education transport for young people, and supporting socially-necessary bus services and travel information services.
Capital funding comes through the LEP Growth Deal (£120 million), our West Yorkshire-plus Transport Fund (£61 million) and other, smaller investment grants that support our capital infrastructure programmes, including improvements to road, rail and cycleways, regeneration schemes, new college facilities and housing developments.
We also bring in government, European and private sector funding to support our economic services and support for businesses.
Private sector sponsorship pays for increasing amounts of our trade and investment work to attract new companies to the region, and we generate income through our bus stations and sales of our MCard (£16 million).
Like all public bodies, we face financial pressures and consistently look for ways to save money – particularly in our corporate services – and make sure that our budget is balanced. Over the next three years we will make savings from these services in line with the reduced revenue funding available to our council partners.
What our £319m investment delivers
- More jobs for people across Leeds City Region.
- Small and medium-sized businesses supported to grow.
- More businesses locating in the region.
- More apprenticeships, education and training opportunities for young people.
- Modern, accessible transport infrastructure.
- More, better quality housing.
- Accessible, responsive bus services connecting people to jobs and education.
- Additional private sector investment in the region.