Periodic review 2023 (PR23)

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This section includes information about the current 2023 periodic review (PR23) of Network Rail's outputs and funding for
control period 7 (2024 – 2029).

Periodic reviews are one of the principal mechanisms by which ORR holds Network Rail to account, and secures value for money for users and funders of the railway.

PR23 will determine what Network Rail must deliver in control period 7 (CP7) and the funding it requires to do this.

On the 17th June 2021 we published an open letter to launch PR23 and set out the focus of PR23 – namely safety, performance, asset sustainability, and efficiency.

PR23 timeline Collapse accordion Open accordion

We have produced an infographic reflecting the indicative PR23 timeline. The timeline is also available in table format below.

Phase 1 (2021-2022)

  • Network Rail develops initial view of CP7 funding and outputs
  • ORR advises funders to inform HLOSs/SOFAs
  • DfT and Transport Scotland produce HLOSs & SOFAs

Phase 2 (2023)

  • ORR scrutiny of Network Rail’s detailed CP7 plans
  • Engagement on plans, as necessary
  • ORR draft and final determination

Phase 3 (October to December 2023 and January to June 2024) 

  • Implementation
Period Milestones
Apr-Jun 2021 We published PR23 launch letter (17 June 2021)
We published Schedule 8 consultation (17 June 2021)
Jul-Sep 2021 We published access charges consultation (15 July 2021)
We published Schedule 4 consultation (30 September 2021)
Jan-Mar 2022 Network Rail's pre HLOS/SoFA submission
We publish guidance on how NR’s funding and outputs are determined
Apr-Jun 2022 We publish Charges and Incentives Consultations
We provide Advice to funders
We publish Framework Consultation
Oct-Dec 2022 Secretary of State provides its HLOS and SoFA
Scottish Ministers provide their HLOS and SoFA
We conclude on charges and incentives frameworks for PR23
We publish Framework Decisions
Jan-Mar 2023 Network Rail publishes Strategic Business Plan (SBP)
Apr-Jun 2023 We publish and consult on our draft determination for England & Wales and Scotland
Oct-Dec 2023 We publish our final determination for England & Wales and Scotland
We commence formal process to change track and station access contracts
Jan-Mar 2024 Network Rail publishes CP7 delivery plan
Apr-Jun 2024 Start of CP7

* Indicative as of March 2022.

** Timeline may change to, for example, enable us adapt as the implementation plan for the Williams-Shapps Plan becomes clearer.

PR23 publications Collapse accordion Open accordion

All our PR23 publications, including consultations, notices and reports will be added to our publications section during the review.

PR23 - charges and incentives Collapse accordion Open accordion

Publications and information (including background research and factsheets) relating to charges and incentives for PR23 can be found in the charges and incentives section.