Elon's Vision
  • Contacts
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Elon's Vision
No Result
View All Result
Home Investing

Derby to be named new HQ of Britain’s rail network this week

by
March 21, 2023
in Investing
0
Derby to be named new HQ of Britain’s rail network this week
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Derby is to be named the new headquarters of Britain’s rail network by ministers this week.

The delayed result of the competition to become the official home of Great British Railways is expected as early as Tuesday, with the Midlands city the frontrunner on a shortlist of six including Birmingham, Crewe, Doncaster, Newcastle and York.

The new strategic body’s HQ will house a limited number of direct top-level railway jobs, but will be a big symbolic boost to the winner. Contenders to host GBR have had to demonstrate their railway heritage and also how the move could contribute to the government’s levelling up agenda.

A public vote was held last summer – a brainchild of the then transport secretary, Grant Shapps – although it was decided that the public should only inform the outcome rather than decide it, after other ill-fated votes.

The result was closely guarded, with the fate of GBR appearing to hang in the balance, and two prime ministers and their transport secretaries departing office since the vote.

The idea of GBR was launched in 2021 after a long review into how the industry was run – launched in 2018 amid cost concerns, mismanagement of vital decisions and the collapse of franchising.

After some delay, the new transport secretary, Mark Harper, and Downing Street recently committed to pushing through rail reform, albeit with some amendments likely after lobbying by private train operators over the structure.

GBR will be a semi-independent body at the heart of a restructured railway, replacing Network Rail and parts of the Department for Transport (DfT) and acting as a “guiding mind” for track and trains.

The HQ decision will reaffirm Derby’s place at the heart of UK rail. A significant number of rail supply businesses are located there, with skilled manufacturing jobs that have often appeared under threat. Trains have been made in the city since 1839 and more than 10,000 people are still employed in rail, many at the UK plant of the train manufacturer Alstom, previously Bombardier.

The region has suffered a number of blows in government rail policy in recent years – not least the delayed electrification of the Midland mainline from London to Derby, and the scrapped plans for a nearby HS2 station at Toton, between Derby and Nottingham, after the eastern leg was put on indefinite hold.

However, the result will be a disappointment for the four northern cities on the shortlist in particular, and fuel increasing concern in the north over scaled-back promises to turn round rail services and poor infrastructure in the region.

The DfT declined to comment and said it would announce the winner in due course.

Read more:
Derby to be named new HQ of Britain’s rail network this week

Previous Post

Energy subsidies lift UK borrowing to February high

Next Post

RMT votes to accept Network Rail pay offer

Next Post
RMT votes to accept Network Rail pay offer

RMT votes to accept Network Rail pay offer

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
  • Trending
  • Comments
  • Latest

Jay Bhattacharya on Public Health

October 12, 2021

That Bangladesh Mask Study!

December 1, 2021

Antitrust Regulation Assumes Bureaucrats Know the “Correct” Amount of Competition

November 24, 2021
Pints of champagne could be the next ‘Brexit dividend’

Pints of champagne could be the next ‘Brexit dividend’

December 24, 2021
UK space industry boosted by reforms as government merges UK Space Agency with DSIT

UK space industry boosted by reforms as government merges UK Space Agency with DSIT

0

0

0

0
UK space industry boosted by reforms as government merges UK Space Agency with DSIT

UK space industry boosted by reforms as government merges UK Space Agency with DSIT

August 24, 2025
Latest Decode Casino Bonus Code Deals You Shouldn’t Miss

Latest Decode Casino Bonus Code Deals You Shouldn’t Miss

August 23, 2025

The Tariff Question in the Antebellum South

August 23, 2025

Disaster Prediction and Alerts Would Thrive in the Free Market

August 23, 2025

Recent News

UK space industry boosted by reforms as government merges UK Space Agency with DSIT

UK space industry boosted by reforms as government merges UK Space Agency with DSIT

August 24, 2025
Latest Decode Casino Bonus Code Deals You Shouldn’t Miss

Latest Decode Casino Bonus Code Deals You Shouldn’t Miss

August 23, 2025

The Tariff Question in the Antebellum South

August 23, 2025

Disaster Prediction and Alerts Would Thrive in the Free Market

August 23, 2025

Disclaimer: ElonsVision.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • Contacts
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 ElonsVision. All Rights Reserved.

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 ElonsVision. All Rights Reserved.