Restoring Your Railway Fund
The question
To ask the Secretary of State for Transport, whether she made an assessment of the adequacy of each business case submitted to the Restoring Your Railway Fund before deciding to withdraw that funding.
Answered by Simon Lightwood
The Chancellor’s statement of 29 July 2024 confirmed that the Restoring Your Railway (RYR) programme will be brought to a close. Aside from RYR projects currently at the delivery stage or in construction, all remaining RYR-originated projects are now being considered as part of preparations for the upcoming Spending Review. This will include reviewing the business cases of these projects. Ministers have been clear that not all proposed transport projects will be able to proceed to delivery due to the challenging financial situation facing the Department.
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