Train passengers are contributing billions of pounds to local businesses near stations, as revealed by a study commissioned by the rail sector. The research, funded by the Rail Delivery Group (RDG), estimated that passengers in Britain spend £23 billion annually at high street stores and £9 billion at independent businesses. A survey conducted for the report found that 70% of respondents believe that having a train station in their area helps local businesses thrive.
On average, passengers spend around £7 each before every train journey at independent businesses located in or near stations. This spending can include purchases like a cup of coffee, a haircut, or buying gifts. Jacqueline Starr, the chief executive of the RDG, highlighted the vital role of rail in local economies, stating that networks of small and medium businesses and independent companies are flourishing around train stations across the country.
Starr emphasized that train travel offers more than just transportation from point A to B; it provides an opportunity to explore towns and cities, support local high street businesses, and contribute to the economy. The report, produced by consultancy WPI Economics based on a survey of over 3,000 people, indicates the significant economic impact of rail travel on local businesses.
Separate statistics from the Office of Rail and Road show that the Government allocated £21.1 billion to Britain’s rail industry in the year ending March 2023. This funding primarily supported the operational railway, the development of HS2, and infrastructure enhancements. The findings underscore the positive ripple effect of train travel on local economies and the importance of continued investment in the railway sector.
Overall, the study sheds light on the symbiotic relationship between train passengers and local businesses, emphasising the substantial financial contributions made by passengers to support high street stores and independent establishments near railway stations.