Question to the Department for Transport:

To ask the Secretary of State for Transport, pursuant to the answers to question 87756 on 14 November 2025 and question 87421 on 11 November 2025, what consideration has she made of the value for money of (a) continuing to leave current railway rolling stock leasing arrangements in the private sector, and (b) bringing future procurement of railway rolling stock into the public sector.

Rolling Stock Leasing Companies (ROSCOs) play an important role in the industry, bringing benefits to both taxpayers and passengers. Since 1995 there has been significant private sector investment in rolling stock totalling over £20 billion.

The Government is now working to develop a long-term strategy for rolling stock and associated infrastructure, which will consider how the public sector can secure best value from the rolling stock market in future, but we expect Great British Railways to continue to lease rolling stock from ROSCOs where they can offer value for money terms.