RIA welcomes Network Rail measures on supplier payments

3 April 2020


The Railway Industry Association, the voice of the UK rail supply community, has welcomed measures announced by Network Rail to ensure prompt payment for rail suppliers.

Darren Caplan, Chief Executive of the Railway Industry Association (RIA), said: “The Railway Industry association and our members will welcome these efforts by Network Rail to ensure rail suppliers are paid promptly.

“The entire railway industry is working hard to ensure the rail network remains open so key workers and resources are transported to where they need to be, to help the UK fight the spread of Coronavirus, and to also help spearhead efforts to help the UK economy get back to its feet when this crisis passes. This support will be gratefully received by many rail suppliers, providing vital assistance to businesses so they can continue through this difficult time. We would urge that these immediate payments are filtered down throughout the whole supply chain, so all suppliers large, medium and small, benefit from this welcome support.” 

Notes to Editors

  1. The Network Rail press release can be found here
  2. 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. We promote and represent our members’ interests to policy makers, clients and other stakeholders in the UK and overseas. RIA has 250+ companies in membership in a sector that contributes £36 billion in economic growth and £11 billion in tax revenue each year, as well as employing 600,000 people—more than the workforce of Birmingham. It is also a growing industry with the number of rail journeys expected to double over the next 25 years and freight set to grow significantly too. 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). RIA works to promote the importance of the rail system to UK plc, to help export UK expertise around the globe and to share best practice and innovation across the industry.