Transport: Project Bank Accounts

Department for Transport written question – answered on 17th May 2022.

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Photo of Debbie Abrahams Debbie Abrahams Labour, Oldham East and Saddleworth

To ask the Secretary of State for Transport, what his Department's position is on the use of Project Bank Accounts throughout the supply chain, including for Tier Two and Tier Three contractors, for transport-related construction and infrastructure projects.

Photo of Andrew Stephenson Andrew Stephenson Assistant Whip, Minister of State (Department for Transport)

DfT, including its Arm’s Length Bodies, follow the principles of the Construction Playbook which sets out options to mitigate the risk of potential supplier insolvency, one of these options is the use of Project Bank Accounts.

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