Skip to main content
Top of the Page

Back rail exports for UK growth 

9 September 2025 

 

The Railway Industry Association (RIA) has today published a new Insights Report on how to improve support for UK SME rail exporters. The analysis sets out a series of recommendations for accelerating exports from the UK to countries around the world taken from an earlier SME Exports Workshop 2025 in which UK companies, along with RIA’s Export and SME Leadership groups took part in an interactive whiteboard session and answered four questions related to exports, the objective being to enable the organisers to acquire a greater understanding of both potential issues and what more could be done to assist UK SME exporters.

The global rail supply market is expected to grow by 3% a year until the end of the decade. Current UK rail exports amount to over £1 billion a year and support nearly 12,500 jobs. There is significant potential to increase this. Key findings from the report are:

  • Better signposting of available exports support and related training;
  • A more co-ordinated approach to sharing overseas market intelligence;
  • Clearer visibility of UK Export Finance (UKEF) services for unlocking financial support and access to procurement opportunities;
  • A pathway and clear trajectory should be established between Tier 1 companies and SMEs to support enhance the railway industry’s ability to boost rail export value to the UK economy • Key stakeholders including RIA, RIA’s Rail Exports Leadership Group (RELG), DBT, UKEF, DfT and Innovate UK to form a working group to provide solutions to the report’s recommendations, where practical.

Commenting on the findings, RIA’s RELG Chair, and Associate Director, PriestmanGoode, Joy Grover said: “This membership consultation exercise is a call to action for the Government and those in a position to influence to give more support to companies who contribute to our export economy, SMEs, Tier 1 & 2 companies and OEMs [Original Equipment Manufacturers] in the UK rail industry. It particularly highlights the challenges faced by smaller UK rail companies who are considering exporting or aiming to increase their export income. It is essential to preserve our supply chain in the UK, not only for economic success, but also to ensure that when infrastructure projects are released in the UK, a domestic supply chain still exists to deliver them.”

Catherine Leech, RIA SME Group Chair, and Anturas Consulting MD, said: "SMEs form a critical part of the UK economy so it is in the interest of the UK to create an environment where SMEs can thrive both at home and abroad. The Workshop has provided invaluable insights into the how SMEs view the world of exporting and more particularly the struggles with pursing opportunities. As RIA SME Group Chair, I can reiterate that RIA and its SME members are committed to breaking down barriers and working across the sector to facilitate a stronger exporting community."

Neil Walker, Exports Director, Railway Industry Association, said: “It’s clear to see there is a growing appetite and wish to export among UK SMEs, who often need more support in sourcing help, information, rail related market intelligence or exporting activity available to them. Next steps, supporting our exporters, working with officials and supported by RELG to address these concerns is clearly an outcome we would want to take forward following this report.”

Notes to Editors
  • About RIA: The Railway Industry Association (RIA) champions a dynamic UK rail supply sector. Rail contributes £41 billion in economic value and £14 billion in tax revenue each year, as well as supporting over 640,000 jobs throughout the UK. For every job in rail, a further four jobs are supported elsewhere in the UK economy, and every job in the rail supply chain is 29% more productive than the UK average. RIA's 450+ members, including 60% SMEs, provide a diverse range of rail products and services. RIA advocates for rail's critical role in economic development, sustainability, and high-performance transport. Learn more at www.riagb.org.uk.
  • The report can be found here.
  • The 10th edition of the UNIFE World Rail Market Study (2024)2 expects the global rail supply market to follow a positive growth trajectory through to the end of the decade. The market is projected to grow at an average annual rate of 3% in real terms, driven by continued investment in rail infrastructure, rolling stock, and services. By the period 2027–2029, the average annual market volume is forecast to reach €240.8 billion, excluding the effects of inflation.
  • The latest full figures published by DBT for 2023 show that UK rail exports amounted to over £1bn, comprising £454m of railway equipment exports and £613m of railway services exports3 (with figures due to be updated in October 2025). Rail-related exporters and their supply chains contribute 12,500 jobs to the UK economy each year.
Back to Top