Question to the Department for Transport:

To ask the Secretary of State for Transport, how much and what proportion of the £500 million funding announced for the Restoring Your Railway Fund in January 2020 (a) has been fully allocated, (b) is still to be allocated and cannot be cancelled for contractual reasons and (c) remains unallocated.

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.