RWG responds to the UK’s Rail Supply Group consultation

12th October 2017

The RWG has recently responded to the invitation from the UK’s Rail Supply Group (RSG) for industry views on the Rail Sector Deal that the RSG is looking to put into place on behalf of the UK rail industry with the UK government. One of the three pillars of the Rail Sector Deal is the championing of the rail sector and the provision of government support to drive sector growth in the UK and abroad. The RWG based its response (a copy of which can be found here) on the support that the Luxembourg Rail Protocol can give to this pillar.


Martin Fleetwood, the Chairman of the RWG’s UK Contact Group commented “The benefits of the Luxembourg Rail Protocol not only provide creditors with greater security over railway rolling stock in the UK, but also make it easier to finance exports, which is of benefit to both the rolling stock suppliers and the UK’s financial sector. Given the UK’s need to generate additional export markets once it has left membership of the EU, the ratification of the Luxembourg Rail Protocol by the UK Government should be a priority. Our submission sets out the benefits of the Protocol and strongly encourages the RSG to make ratification of the Luxembourg Rail Protocol part of the Rail Sector Deal”.