Restoring Your Railway Fund
The question
To ask the Secretary of State for Transport, how much of the £500 million of funding announced for the Restoring Your Railway Fund in January 2020 has been allocated to (a) the Ideas Fund, (b) support advanced proposals for re-opening of railway lines, (c) support advanced proposals for re-opening of train stations and (d) support advanced proposals for new train stations.
Answered by Simon Lightwood
The Ideas Fund element of RYR supported the development of early-stage business cases. As of 4 July 2024, £21.24m has been spent. The allocated funds were £50.84m.
Advanced Proposals refer to proposed lines and stations that were already being considered by the Department for Transport prior to the launch of Restoring Your Railway. As of 4 July 2024, £307.36m has been spent. The allocated funds were £322.59m.
The New Stations Fund is intended to fund new stations, with eight new stations across England and Wales being delivered. As of 4 July 2024, £20.58m has been spent. The allocated funds were £32m.
Following the Chancellor’s 29 July announcement, the Restoring Your Railway programme will be brought to a close.
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