Skip navigation

Gloucestershire Business News

£10bn rail investment key to regional economy

Plans for a £10bn investment in regional rail services could be a huge boost to the economy.

That's according to Western Gateway - the partnership which supports the economy stretching from Swindon in the east, through Gloucestershire and South Wales, as far as St David's.

The region has a population of five million people and an economy of £130bn - on a par with Estonia.

John Wilkinson, director of Western Gateway, told Punchline-Gloucester.com: "We think there's a really significant opportunity to join up the rail network in Western Gateway far more effectively than it is at the moment.

"We've been working over the last couple of years to develop a rail vision for 2050, which is about how do you get between our core areas more quickly, so we've created an idealised vision of what that could look like.

"We're now costing it up and we're taking it to Government to say 'we think for £10bn you can get phenomenal productivity gains'. We could connect up our area far more effectively than we're able to do at the moment."

The plans will be launched in Parliament later this year, and at Western Gateway's convention in Newport in July.

John Wilkinson added: "We hope it will be gathering of around 750 people to show to the UK and Welsh Governments what great opportunities there are and how we're working in partnership to deliver them."

Related Articles

EXCLUSIVE: Key Gloucester site back on the market for £1.2m Image

EXCLUSIVE: Key Gloucester site back on the market for £1.2m

Indicative plans for a residential conversion have been prepared for potential buyers

University reveals delay to huge City Campus project Image

University reveals delay to huge City Campus project

Work is underway to transform the former Debenhams in Gloucester

Gloucester city centre car park to partially reopen  Image

Gloucester city centre car park to partially reopen

The multi-storey has been closed for eight months

Cavendish House opens to small traders Image

Cavendish House opens to small traders

A series of small businesses will be opening up in the former Cavendish House in Cheltenham.

Copyright 2024 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.