This Report (the “Report”) has been prepared by KPMG LLP (‘KPMG’, ‘we’ or ‘our’) for the Confederation of Passenger Transport (“CPT”) on the basis of an engagement contract dated 22ndMay 2024 between CPT and KPMG (the “Engagement Contract”).

CPT commissioned the work to assist in its understanding of the economic benefits of buses and coaches to the economy of Britain.

This Report is for the benefit of CPT only. It has not been designed to be of benefit to anyone except CPT.