The Government has allocated $48.11bn (£35bn) to invest directly for enhancing railway connectivity over the upcoming three years. Credit: Adrien Olichon on Unsplash.

The UK Government has announced $63.23bn (£46bn) for rail investment in the Autumn Budget 2021 and Spending Review, with plans to make the sector more ‘customer-focused and financially sustainable’.

Announced by the Chancellor of the Exchequer Rishi Sunak, the funding aims to boost rail connectivity across the country as outlined in the Williams-Shapps Plan for Rail.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

A total of $48.11bn (£35bn) has been allocated to enhance railway connectivity over the upcoming three years.

The government has also committed $7.83bn (£5.7bn) to eight city regions outside London over the course of five years.

These regions include West Yorkshire, Greater Manchester, the Liverpool City Region, and Tees Valley.

Around $494.83m (£360m) has been allocated to upgrade ticketing and retail systems, such as offering ‘Pay as You Go’ ticketing to commuters outside of London.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The government has set aside $281.78m (£205m) for initiating Great British Railways’ (GBR) mobilisation.

Focus will be given to improve the transport network on time and on budget, which is expected to ‘grow and level up the economy’.

The government will also support the decarbonisation of transport, with an aim to improve air quality and fight climate change.

Investment will be made in High Speed Two (HS2), rail enhancements and ‘vital’ renewals, with a focus on the Midlands and the North.

Earlier this month, the Office of Rail and Road (ORR) released new figures indicating that rail travel started to bounce back between April and June this year.