RIA welcomes Rail Delivery Group’s Annual Investment Report

The Railway Industry Association has today welcomed the Rail Delivery Group’s new Annual Investment Report.

Peter Loosley, Policy Director at the Railway Industry Association, said: “We welcome the Rail Delivery Group’s Rail Investment report published today. Our rail network is vital to the UK economy, generating £36 billion in economic growth and £11 billion in tax revenue each year, as well as employing 600,000 people. And for every £1 spent in rail, £2.20 is generated in the wider economy, making it an important catalyst for investment and growth. We look forward to working with RDG and the industry to deliver the ambitious programme of investment planned over the coming years.”

Notes to Editors

1. RDG’s Rail Investment Report 2020 can be found here.
2.  About RIA: The Railway Industry Association (RIA) is the voice of the UK rail supply community. We help to grow a sustainable, high-performing, railway supply industry, and to export UK rail expertise and products. We promote and represent our members’ interests to policy makers, clients and other stakeholders in the UK and overseas. RIA has 290+ companies in membership in a sector that contributes £36 billion in economic growth and £11 billion in tax revenue each year, as well as employing 600,000 people—more than the workforce of Birmingham. It is also a growing industry with the number of rail journeys expected to double over the next 25 years and freight set to grow significantly too. RIA’s membership is active across the whole of railway supply, covering a diverse range of products and services and including both multi-national companies and SMEs (60% by number). RIA works to promote the importance of the rail system to UK plc, to help export UK expertise around the globe and to share best practice and innovation across the industry. www.riagb.org.uk