UK Rail Industry to receive investment boostApril 19th, 2012 by Simon Haddock
It was announced this week that the UK government is planning to accelerate business growth by investing £5m into research development projects in the UK’s rail industry.
A number of key challenges are being faced by the rail market and investment will be made to consumer expectations not only in the UK but also overseas. Funds will be sourced from the Technology Strategy Board the department for Business Innovation and Skills and RSSB.
19 major research development projects have been chosen to receive a drip-feed from the £5m pot. As the industry is already well aware, these are exciting times for global rail market and with exciting and innovative projects being developed by Engineering talent, the industry will be seen as inventive and cost effective.
• Improving the energy efficiency of both diesel and electric-powered trains
• Improving safety and reducing delays and cost in winter with energy efficient heating system for points Reducing the lifetime costs of rail infrastructure and rolling-stock with technologies such as laser cladding, asset monitoring systems and the use of composite materials.
Richard Lawrance, CEO of Resourcing Solutions commented “With the shortage of skilled personnel becoming ever more prevalent, investment projects such as these are a great advertisement in attracting the best talent to the Rail Industry. This is another positive for growth in the rail industry, with continued investment in the UK infrastructure we are another step closer to achieving the goal of our country having a world-class rail network”.
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