Question to the Department for Transport:

To ask the Secretary of State for Transport, what the timetable is for the UK’s potential accession to EUROFIMA; and what the next steps are in the Government’s consideration of participation.

The Department is exploring a range of financing structures to support investment in rolling stock, in partnership with private finance. The Department remains in active engagement with Eurofima, as one element of this work, to assess how its financing mechanisms could support future investment in the UK rolling stock market. The Government will update the House in due course once decisions have been taken on accession to the Eurofima Convention, to support wider rolling stock investment plans.