Announced on 28 January 2020, the third round of the New Stations Fund is expected to offer up to £20m towards proposed railway stations in England and Wales. The funding can be sought for up to 75% of the capital costs for construction of the railway station.
The application forms, guidance and FAQ are available on the Network Rail website.
Timeline
28 January 2020 – Government announces Restoring Your Railway fund with £20m allocated towards New Stations Fund 3
February 2020 – Network Rail launches application forms
5 June 2020 – Deadline for applications
August 2020 – Assessment of winning bids expected to be completed
Autumn 2020 – Winning bids announced
February 2024 – GRIP stage 7 should be achieved
May 2024 – Railway stations should be constructed and opened
Source: gov.uk