Transport for the North: Finance

(asked on 18th March 2021) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, what assessment he has made of whether Transport for the North’s reserves were earmarked for anything.


Answered by
Andrew Stephenson Portrait
Andrew Stephenson
Minister of State (Department of Health and Social Care)
This question was answered on 23rd March 2021

Transport for the North is required to operate a reserves strategy, to enable the organisation to operate with a degree of flexibility, whilst also guarding against unexpected costs or cash flow fluctuations. It is for Transport for the North to manage their funding allocation, and reserves strategy, accordingly.

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