Since the mid-1990s there has been significant growth in passenger numbers on the railways and renewed government interest in the role of rail in UK transport.
[9] The £500 million would not be spent on building railway lines but on developing proposals through feasibility studies, business cases and designs.
[16] The first project to be completed under the "Restoring Your Railway" banner was the 15½-mile Dartmoor line from Crediton to Okehampton, where services resumed on 20 November 2021.
[17] Following the change of governing party after the July 2024 general election, the new Chancellor of the Exchequer, Rachel Reeves (Labour), said that projects in the Restoring Your Railway programme that had not commenced would be cancelled, as part of her Commons announcement on 29 July which aimed to reduce national public spending.
Reeves said that no money had been spent during that financial year for any of the schemes that were announced as Restoring Your Railway competition winners in 2021, while £76 million had been allocated for 2024–2025.