Rail Industry responds to Network Rail Strategic Business Plans

Peter Loosley, Policy Director at the Railway Industry Association, said: “The publication today of Network Rail’s Strategic Business Plans is another key milestone in establishing the final funding envelope for the next 5-year funding Period - Control Period 6 - which will run from 2019 to 2024.

“The rail supply sector will be particularly interested to see how Network Rail’s Strategic Business Plans (SBPs) will ensure a smoother spread of renewals volumes and expenditure over CP6 to provide the opportunity for suppliers to deliver more efficiently and give them the confidence to invest in new processes, people and plant. What we collectively must avoid is a repeat of the ‘boom and bust’ cycle of renewals expenditure which has plagued both CP5 and its predecessors.

“We will therefore be looking very carefully at the Network Rail SBPs and will respond to the Office of Road and Rail (ORR) accordingly.

“As the Railway Industry Association’s (RIA) Chief Executive, Darren Caplan, made clear at his recent appearance before the Transport Select Committee, it is important that the industry gets together collectively to ensure that workbank volumes are both visible and as smooth as possible throughout future Control Periods. Together we can, and must, achieve this in order to deliver rail infrastructure improvements more efficiently.”

Notes to Editors

  1. Network Rail’s Strategic Business Plan can be found here.
  2. About the Railway Industry Association: The Railway Industry Association (RIA) is the representative body for UK-based suppliers to the UK and world-wide railways. It has some 200 companies in membership and the sector employs 240,000 people and contributes annually £11 billion Gross Value Added (GVA). 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.

 

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