Rail industry finance (UK)

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Annual statistics reporting income and expenditure for Network Rail, passenger operators (both franchised and open access) and other sectors of the UK rail industry including Northern Ireland. It also includes data for government support to the rail industry. Before 2019-20, detailed analysis was published in the UK rail industry financials.

For details on how these statistics are compiled, please see our Rail finance quality and methodology report and for information on any revisions, please see our Revisions Log.

Data and reports that include previous statistical releases on Rail investment and subsidies can be found on the National Archives. Previous UK rail industry financial reports can be found on the ORR website.

If you have any questions or feedback on these statistics, please contact rail.stats@orr.gov.uk


Latest statistical release

Rail industry finance (UK) 2020-21
Rail industry finance (UK) 2020-21

Date published: 30 Nov 2021
Date next published: TBC

Key results

  • The rail industry in 2020-21 was substantially affected by the coronavirus (COVID-19) pandemic. Passenger revenues fell to historically low levels and the government used emergency measures to keep train services running, which led to a large increase in train operator subsidy.
  • Total rail industry income in 2020-21 was £20.7 billion, a 2.4% increase from 2019-20. This consisted of £16.9 billion from government funding, £2.5 billion from passengers (£1.8 billion of fares and £0.6 billion of other train operator income), and £1.3 billion from other sources.
  • Total expenditure in 2020-21 was £21.0 billion, a 3.8% increase from 2019-20. This consisted of £10.3 billion of franchised train operator expenditure, £9.6 billion of Network Rail expenditure and £1.1 billion of expenditure by other parts of the rail industry.