How much of the 200M is going to be spent on London buses and how much for the rest of the UK?
I was living in a rural location about 30 minutes travel from Chester for a while and they had 1 bus a day running from the village into Chester. And it used to arrive in Chester wait about 15 minutes and then go back. Meaning it was pretty useless unless you only wanted to go one way or wait a whole day before going back.