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Martijn Gilbert: Go North East never sleeps – how we're rebuilding the night-time economy

06/11/2021 | 06:22am EDT
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  4. Martijn Gilbert: Go North East never sleeps - how we're rebuilding the night-time economy

This blog was originally posted on the CPT website.

Martijn Gilbert, Managing Director of Go North East, writes about rebuilding the night time economy following the pandemic and the launch of 24-hour services on three key bus routes.

Towns and cities never sleep - not even in a pandemic. In the past year our key workers have been helping people to access vital services, including healthcare, education, and work.

Now as restrictions ease, our economy is again waking up. We're seeing pubs come alive, as well as extended opening hours for shops, restaurants and businesses, which means there's a need for us to extend our services.

As the North East's third largest private employer, we know the significant role buses can have on boosting our region's economy. We need to ensure that we offer services that are relevant and helpful to our passengers and make sure we capitalise on our clean, green fleet.

At Go North East, we have launched 24-hour services on three of our key routes (Angel 21, Cityrider 56 and Drifter 60), which operate seven days a week. These buses are vital for encouraging people to use public transport again and avoid taking the car.

Our buses provide the safe, secure and environmental option. With a friendly bus driver on board, we can add that extra reassurance of getting home safely and securely after a shift. And with our enhanced cleaning regimes, it will be a pleasant journey for all.

We've also launched more incentives to encourage people to travel in the evening. We've introduced a flat £1 single fare, which customers can pay between 7pm each evening and 3am the following morning. With more people on buses, businesses can only recover quicker.

In fact, we saw the discount in revenue pay back very quickly. We're continuing to deliver strong week-on-week growth that is outstripping underlying evening revenue growth seen in other comparable operations. There is also a halo effect of people trying the bus over an evening and seeing that today's buses are much better than they expected, helping to drive daytime recovery and growth.

But it isn't just about the social events we've all missed - night-time buses are also vital for shift workers in healthcare, hospitality and in warehouses. The new Amazon warehouse site in Gateshead is expected to see 1,000 jobs for the region. We've improved our timetables and access to the site so that people can feel comfortable taking the bus, and don't have to resort to the car.

In addition, we're continuing to make improvements to other services. We've improved access to the Nissan Factory - making sure we're offering later journeys after the last shift finishes. No one should be left in the dark because their shift ends before the last bus.

At Go North East we're staying awake so people don't miss their journeys.


Go-Ahead Group plc published this content on 11 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 June 2021 10:21:02 UTC.

ę Publicnow 2021
02:08aGO AHEADá : GTR ERMA extension
02:08aGO AHEADá : GTR contract extended to March 2022
06/16GO AHEADá : Director/PDMR Shareholding
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06/10Britain's Go-Ahead sees improved profit on travel demand recovery
06/10GO AHEADá : Trading update for the year ending 3 July 2021
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06/01GO AHEADá : News Across the Group May 2021
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Sales 2021 3 708 M 5 168 M 5 168 M
Net income 2021 28,0 M 39,1 M 39,1 M
Net Debt 2021 251 M 349 M 349 M
P/E ratio 2021 17,3x
Yield 2021 2,64%
Capitalization 501 M 699 M 699 M
EV / Sales 2021 0,20x
EV / Sales 2022 0,40x
Nbr of Employees 30 000
Free-Float 84,6%
Duration : Period :
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Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 1 371,00 GBX
Last Close Price 1 166,00 GBX
Spread / Highest target 41,5%
Spread / Average Target 17,6%
Spread / Lowest Target -14,2%
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Managers and Directors
Elodie Brian Group Chief Financial Officer & Executive Director
Clare Margaret Hollingsworth Non-Executive Chairman
Kanwar Brar Group Director-Information Technology
Adrian James Henry Ewer Senior Independent Non-Executive Director
Harry Arthur Blair Holt Independent Non-Executive Director
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