Question to the Department for Transport:

To ask the Secretary of State for Transport, what financing mechanisms he plans to use to help deliver the HS2 station at London Euston.

The Government remains committed to delivering a privately financed HS2 Euston station as part of a transformed ‘Euston Quarter’ outlined in the Network North paper. The Department continues to define and develop a range of development models and financing mechanisms to best meet the objectives of the ‘Euston Quarter’. This includes consideration of options for using alternative funding to cover the section of HS2 from Old Oak Common to Euston, underpinned by contributions from those people and businesses this development supports. This would deliver value for money for the taxpayer and could create as many as 10,000 new homes and opportunities for businesses to thrive. Bringing HS2 to Euston will help grow the economy whilst unlocking much needed homes, jobs and commercial opportunities in the area.