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RIA comments on the proposed reallocation of HS2 funds 

26 February 2024 


Today, the Department for Transport announced its plans regarding the reallocation of HS2 funding in the North and the Midlands. More here

In response to this, Darren Caplan, Railway Industry Association Chief Executive, said: “Any investment in integrated transport networks is to be welcomed. However, the alternative Government plan for HS2 Phase 2 from Birmingham to Manchester does not consider the transport system in the long-term or address growing congestion and unreliable journeys in the North-South corridor between major cities, including on the West Coast Mainline.

“The Railway Industry Association and member suppliers will welcome the proposals should they move promptly and provided most of the £5bn allocation is spent on rail schemes. There is genuine concern, however, that Network North project business cases and timescales will mean that few rail schemes will be progressed any time soon.

“Recent analysis in the RIA-commissioned Steer report found that rail passenger numbers could double by 2050 while the UK population is projected to grow by 10% in the next decade. With Network North not delivering the scale of strategic capacity required by UK transport and rail networks in the future, the current plan risks holding back the country’s economy and connectivity in the future.”

Notes to Editors
  1. About RIA: The Railway Industry Association (RIA) is the voice of the UK rail supply community. We help to grow a sustainable, high-performing, railway supply industry, and to export UK rail expertise and products. RIA has over 360 companies in membership in a sector that contributes £43 billion in economic growth and £14 billion in tax revenue each year, as well as employing 710,000 people. It is also a vital industry for the UK’s economic recovery, supporting green investment and jobs in towns and communities across the UK; for every £1 spent in rail, £2.50 is generated in the wider economy. RIA’s membership is active across the whole of railway supply, covering a diverse range of products and services and including both multi-national companies and SMEs (60% by number). 
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