Consents for condition 16 of Network Rail's network licence - financial ring-fence

Consents granted/denied since the modification to Condition 16 (financial ring-fence) on 18 Nov 2002 are listed below.

Date of consentIssuePeriod
28 January 2025ORR consent related to construction of a railway connection for Sizewell C Limited 28 January 2025 to 31 December 2028
29 March 2024ORR consent related to property-related activities in CP71 April 2024 to 31 March 2029
27 March 2024ORR Consent related to Euston Station development agreement1 April 2024 to 31 March 2029
3 May 2023ORR consent related to "DevCo" proposalsN/A
22 March 2022Rail and Logistic Supply Collaboration with HS2 Limited22 March 2022 to 31 March 2029
28 Mar 2019Property-related activities in CP601 Apr 2019 to 31 Mar 2024
14 Mar 2019Euston Station development agreement01 Apr 2019 to 31 Mar 2024
15 January 2018Euston Station development agreement15 Jan 2018 - 31 Mar 2019
29 September 2015New form of consent to property related activities29 Sept 2015 - 31 Mar 2019
25 March 2015Extension of consent to property related activities1 Apr 2015 - 30 Sept 2015
8 July 2014Acquisition of Grand Central shopping centreNot applicable
27 March 2014Extension of consent to property related activities1 Apr 2014 - 31 Mar 2015
28 February 2013Dividend payment from NRIL to NR Holdcon/a
13 February 2013Transfer of BRBR assets to Network Railongoing
30 September 2010

Consent to property related activities 

Cover letter

1 Oct 2010 - 31 Mar 2014
14 May 2010Consent in respect of services to High Speed 1ongoing
26 March 2010

Consent to property related activities - extension to consent 08/06/05

Cover letter

1 Apr 2010 - 30 Sep 2010
17 March 2009

Extension of property related activities


Reasons letter

Extend - 31 Mar 2010
21 July 2008

Establishment of a multi-site joint venture for the development of several stations in south east England

Reasons letter

ongoing
11 September 2007Consent to act as a NoBo for third party activitiesongoing
12 April 2007Financial indebtedness consentn/a
30 October 2006Ownership of locomotives for the trial of ERTMS on the Cambrian route30 Oct 2006 - 31 Dec 2018
25 September 2006Payment of:
95m to DfT and TS re overstatement of debt in ACR2003; and
275m to DfT re compensation for additional funding provided		n/a
6 June 2006Consent to property related activities8 Jun 2006 - 31 Mar 2009
8 June 2005Consent to property related activities8 Jun 2005 - 7 Jun 2006
11 November 2005GB Railfreight wagon swap11 Nov 2005 - 7 Jun 2006
21 May 2004Date extension for Project Rio - payments to Midland Main Line for provision of passenger services between St Pancras and Manchester PiccadillySummer change date 2004 to 11 Sep 2004
16 May 2003Project Rio - payments to Midland Main Line for provision of passenger services between St Pancras and Manchester PiccadillySummer change date 2003 to Summer change date 2004
10 April 2003Payment to Great Western Trains Company for GWTC provision of a standby trainSummer change date 2003 to Summer change date 2004
18 November 2002Operation of stations and depotsOngoing