diff --git a/network/network.j2 b/network/network.j2
index d4d7ee764d..2a4a80cfab 100644
--- a/network/network.j2
+++ b/network/network.j2
@@ -139,6 +139,14 @@ parameters:
     description: >
       The DNS domain used for the hosts. This must match the
       overcloud_domain_name configured on the undercloud.
+  NetworkDeletionPolicy:
+    description: >
+      Whether to retain or delete network resource on deletion of the stack
+    type: string
+    default: delete
+    constraints:
+      - allowed_values: [delete, retain]
+
 
 conditions:
   manage_networks: {get_param: ManageNetworks}
@@ -150,6 +158,7 @@ conditions:
 resources:
   {{network.name}}Network:
     type: OS::Neutron::Net
+    deletion_policy: {get_param: NetworkDeletionPolicy}
     condition: manage_networks
 {%- if network.external_resource_network_id|default('') %}
     external_id: {{ network.external_resource_network_id }}
@@ -179,6 +188,7 @@ resources:
 
   {{network.name}}Subnet:
     type: OS::Neutron::Subnet
+    deletion_policy: {get_param: NetworkDeletionPolicy}
     condition: manage_networks
 {%- if network.external_resource_subnet_id|default('') %}
     external_id: {{ network.external_resource_subnet_id }}
@@ -209,6 +219,7 @@ resources:
 {% for subnet in network.subnets|default({}) if network.subnets[subnet].enabled|default(true) %}
   {{network.name}}Segment_{{subnet}}:
     type: OS::Neutron::Segment
+    deletion_policy: {get_param: NetworkDeletionPolicy}
     condition: manage_networks
     # NOTE(hjensas): Depends-On here to ensure we always create the base subnet
     #   first. We can only set the segment for existing subnet if there is only
@@ -226,6 +237,7 @@ resources:
 
   {{network.name}}Subnet_{{subnet}}:
     type: OS::Neutron::Subnet
+    deletion_policy: {get_param: NetworkDeletionPolicy}
     condition: manage_networks
 {%- if network.subnets[subnet].external_resource_subnet_id|default('') %}
     external_id: {{ network.subnets[subnet].external_resource_subnet_id }}
diff --git a/releasenotes/notes/network-resources-deletion-policy-a1aee566e650468c.yaml b/releasenotes/notes/network-resources-deletion-policy-a1aee566e650468c.yaml
new file mode 100644
index 0000000000..f656520bf9
--- /dev/null
+++ b/releasenotes/notes/network-resources-deletion-policy-a1aee566e650468c.yaml
@@ -0,0 +1,8 @@
+---
+features:
+  - |
+    The parameter ``NetworkDeletionPolicy`` (defaults to: ``delete``) was added
+    to enable control of the ``deletion_policy`` for overcloud network
+    resources (networks, segments and subnets). By setting the parameter to
+    ``retain`` the physical resources will not be deleted if removed from the
+    heat templates, or the stack is deleted.