The UK’s Rail Supply Group (RSG), a partnership between the British government and rail equipment suppliers, has presented its ‘vision statement’ for growth in the sector over the next 10 years.
By 2025, the strategy predicts that the UK rail industry will more than double export volumes, be a global leader in high-speed rail and create a sustainable skilled domestic workforce.
The vision statement was launched by Business Secretary Vince Cable, Transport Secretary Patrick McLoughlin and Terence Watson, president of Alstom UK and co-chairman of the RSG.
Business Secretary Vince Cable said: “Britain’s valuable train supply chain is renowned for excellence in an array of disciplines from train design to signal solutions.
“We are committed to keeping the industry on track as a global leader which is why we are creating a unique partnership through the Rail Supply Group.
“The group will work together to future proof this valuable sector through a long-term Rail Supply Chain Industrial Strategy – creating more jobs and ensuring the UK can capture a share of the global rail market, worth £150 billion per year.”
Terence Watson said: “All of the UK’s industrial companies should be watching the rail sector closely. There are opportunities for growth not only for established players, but for digital, manufacturing, engineering and service companies of all sizes and from all industries.
“We need the best of the UK’s talented, innovative and entrepreneurial people to help us create a truly world class rail supply industry – and to make the UK a global leader in rail again.” |