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New report makes case for long-term rail investment

27 February 2018

Campaign for Better Transport has welcomed new analysis published today on the economic impact of the rail industry as proof of the need for more Government investment.

The Economic Contribution of UK Rail, an independent report by Oxford Economics on behalf of the Railway Industry Association, provides new evidence into the value of rail to the UK. The report shows that the rail network contributes over £36 billion annually to the UK economy, provides around 600,000 jobs and generates £11 billion annually in tax revenue.

Stephen Joseph, Campaign for Better Transport’s Chief Executive, said: "Rail is a low carbon and highly skilled industry. This new research highlights just how big a contribution it makes to the economy. There is a very strong case for the Government to build on this strength with a long-term investment strategy, including support for electrification, to promote rail as a pillar of the UK economy."

ENDS

For further information please contact Alice Ridley on 020 7566 6495 / 07984 773 468 or alice.ridley@bettertransport.org.uk

Notes to Editors

  1. The Economic Contribution of UK Rail report is available from the Railway Industry Association website or by contacting Max Sugarman at  msugarman@riagb.org.uk / 0207 201 0777 / 07399 02 383.
  2. Read our latest blog on why the Government must reinstate cancelled rail electrification projects.
  3. Campaign for Better Transport is the UK's leading authority on sustainable transport. We champion transport solutions that improve people's lives and reduce environmental damage. Our campaigns push innovative, practical policies at local and national levels. Campaign for Better Transport Charitable Trust is a registered charity (1101929).