Latest Rail News

08.08.13

Business boost for Network Rail suppliers

British businesses have benefitted from £3.2bn of work through Network Rail over the last year, new statistics indicate.

£1.2bn of this total went to SMEs, supporting local growth and jobs. Network Rail’s business has sustained over 90,000 full time jobs in their supply chain. Over the last four years the company has generated £17.3bn of work for British business, a 22% increase on the previous four-year period.

Chief secretary to the Treasury, Danny Alexander, said: “Investing in infrastructure has a direct effect on the economy, creating jobs, and giving Britain the infrastructure we need to build a stronger economy and fairer society.

“This report is excellent in highlighting the opportunities for small and medium sized businesses that come with infrastructure investment. That is why we have set out £100bn of investment in infrastructure over the next Parliament, including supporting the largest programme of investment in rail since the Victorian era. I’m very glad to see that Network Rail are doing their bit to drive sustainable and balanced economic growth across the UK.”

Simon Kirby, managing director of Network Rail Infrastructure Projects, said: “The rail industry is increasingly recognised as a key contributor to our national, economic and social well-being. Across Britain, investment in a bigger, better railway has provided a massive boost to hundreds of businesses of all shapes and sizes, supporting sustainable economic growth and jobs.”

“Every day, more than three million rail journeys are made in Britain and the railway transports millions of tonnes of goods between ports and shops. But railways don’t just move people and freight. Railways connect homes and workplaces, businesses with markets, create jobs, stimulate trade and support the growth of a balanced economy.

“Network Rail will have a pivotal role to play in driving sustainable economic growth over the next five years, with plans to add 700 more trains each day between the key cities of the north, increase London’s rail capacity by 20%, build new lines to increase capacity in Scotland and electrify hundreds of miles of railway so cleaner, faster trains can run. By continuing to invest in rail, we are investing in the future of Britain.”

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