Rail sector deal to transform sector

A new sector deal for the rail industry has been announced by the government – designed to increase efficiency and improve passenger experience.

The industry deal will help reduce cost of infrastructure, allowing the Government to build and maintain the railway even more efficiently. It will encourage greater innovation and use of digital technologies to improve passenger experience and aims to double UK rail industry exports by 2025.

The Rail Sector Deal marks a key milestone in the government’s modern Industrial Strategy as it promotes the exchange of ideas between the rail industry and other sectors.

Improved engagement between industry and government will mean the supply chain better understands future demand. This will enable companies to invest with confidence to increase skills and innovation. The deal will also help the industry reduce the cost of building the railway, support the sector to increase its exports, attract small businesses to the market and encourage more young people to pursue a career in the rail industry.

Rail Minister, Andrew Jones MP, said: “Since their invention nearly two centuries ago, the railways have brought people across the country closer together and helped to drive our industries.

“The rail sector deal will help us go even further, enabling the industry to harness new digital technologies to improve the experience of passengers and create well-paid, highly-skilled jobs.”

Industrial Strategy Minister, Richard Harrington MP, said: “The rail network is vital to millions of Britons and we want to ensure the sector continues to thrive in the future. Through increased use of digital technology, driving down the cost of infrastructure, this new partnership between the Government and the rail industry will create a better experience for passengers and businesses, as well as boost the economy.

“A year on from the publication of our modern Industrial Strategy, this is further evidence of the Government delivering on its commitment to strengthen industries across the UK to create new jobs and develop the skills needed for a prosperous future.”

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