Eurostar train

Eurostar should not “fall between cracks” of Government support

Business leaders in London have advised the Government to offer financial assistance to open-access operator Eurostar in a letter, delivered yesterday (17 Jan), to the Treasury and Department for Transport.

The group, London First, encouraged that the rail operator should not “fall between the cracks of support.”

The letter comes two months after Eurostar warned it is “fighting for its survival”, claiming to have been treated “unfairly” after the aviation sector was provided with extra assistance due to the coronavirus pandemic.

Currently, Eurostar employs 1,200 people in the UK with a further 1,500 jobs directly provided by the Eurostar supply chain but the value and impact of this link extends much further.

The letter further details: “Students from France account for 1 in every 9 of those from the EU currently studying in London, many of whom benefit from the option to travel via rail rather than air.

“Taking the train not only has important environmental benefits, which should not be underestimated as the UK seeks to lead the world at COP26, but it is now nearly 4 in every 5 passengers choose to make their journeys between London and Paris/​Brussels.”

The letter continued: “Eurostar is not asking for special treatment. We urge you to ensure that they have equal access to financial support as companies in similar positions, at the very least this should include business rates relief and access to Government loans.

“Maintaining this international high-speed rail connection into the heart of London has never been more important. Having left the European Union, we need to actively set out our stall as an attractive destination for people to live, work and play.”

 

RTM Aug/Sept 21

RTM JUN/JUL 21

Milestones | The markers of success which HS2 is targeting over the coming years

Our August/September 2021 edition of RTM covers many of the changing aspects of the rail industry, including key changes involving infrastructure and stations. Read our breakdown of the key milestones with HS2 between now and 2024, while elsewhere we investigate the role which hydrogen fuels could have on UK rolling stock. We also delve into the ever-growing digital world of the rail industry, while from Page 65 onwards, we include our Railtex / Infrarail 2021 supplement – your chance to gain a wealth of valuable information about the exhibition, right at your fingertips.

Videos...

View all videos
Net Zero Rail

RTM365 Online Festival

Net Zero Rail
21st October 2021

The net-zero mission is only just getting started. Join #RTM365 on the 21st October to join the journey as we unite with industry leaders and energy experts to determine the 'green' future of the rail industry.

Podcast

The Green Rail Revolution

Maria Machancoses, Director of Midlands Connect discusses the importance of HS2 to the Midlands and the UK, their collaborative work with the Department for Transport, and how we need to embrace the railways again.

More articles...

View all