Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

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

by March 21, 2023
March 21, 2023
Derby to be named new HQ of Britain’s rail network this week

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

0
FacebookTwitterGoogle +Pinterest
previous post
RMT votes to accept Network Rail pay offer
next post
Energy subsidies lift UK borrowing to February high

You may also like

Impending tax hike looms for Americans in the...

July 8, 2024

Energy companies launch legal action over windfall taxes

December 29, 2022

Canada and Mexico to be hit with 25%...

January 31, 2025

British Steel nears £600m Government bailout as Labour...

August 11, 2024

Small businesses lose out on over £43k a...

November 3, 2023

JP Morgan boss Jamie Dimon: The world is...

October 13, 2023

The Psychology Behind Bonuses: Unveiling the Science of...

October 25, 2023

Nick Clegg leaves Meta as Joel Kaplan takes...

January 3, 2025

Developing a Strategic International Expansion Plan

May 2, 2024

Rising Threat of ‘Hackers for Hire’: How End-to-End...

August 9, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.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.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved