Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.

Publish Date : 23-Jan-2015

Industry and government have today (21 January 2015) come together to set the strategic vision for the strengthening of the UK’s rail supply chain. At an event hosted by Business Secretary Vince Cable, Transport Secretary Patrick McLoughlin and Terence Watson, President of Alstom UK, the Rail Supply Group (RSG) presented a vision statement outlining how it will meet the demands of tomorrow’s railways, create more jobs and boost UK exports. The vision statement also confirms that over the coming months the RSG will develop an Industrial Strategy for the rail supply chain with a clear implementation plan.

Speaking at the launch, 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 Ł150 billion per year.

Transport Secretary Patrick McLoughlin said: We are investing record amounts in the UK’s rail network, and other countries around the world are following in our footsteps. This is a massive opportunity for British rail suppliers to capitalise on this investment and win new business at home and abroad. The Rail Supply Group has a vital role to play in supporting these companies, ensuring they deliver a lasting legacy of long-term economic growth.
Co-chaired by the Business Secretary, Transport Secretary and Terence Watson, President of Alstom UK, the Rail Supply Group brings together private sector representatives from across the rail industry with government.

The group is seeking to help British manufacturers take full advantage of the anticipated growth in domestic and international rail. Over Ł38 billion is being spent in 2014 to 2019 to maintain and improve the UK rail network in the biggest modernisation programme for over a century and projects such as Crossrail supporting 55,000 jobs and creating more than 400 apprenticeships along the supply chain. Meanwhile the world’s rail supply market is expected to grow by 2.7% per annum over the next 6 years, presenting a wealth of exporting opportunities for UK suppliers.

Go to previous page