Rail innovation could drive Northern economic growth
Greater investment in rail research and innovation could drive economic recovery and future growth in the north of England, according to a report by economics and policy analysts Perspective Economics.
According to the study –
Rail Innovation Eco-System: Understanding the Region’s Research and Innovation Capacity, Capabilities and Potential – this could also be key to levelling up the economy.
Perspective Economics identified more than 2,500 companies in the north of England that were operating across the breadth of the rail industry supply-chain.
Around 20% were actively involved in research across the rail industry, including in the design and production of railway rolling stock, track systems, remote monitoring and maintenance, digital workflow and safety management and electrification and signalling systems.