The Office of Rail and Road (ORR) has unveiled new simplified guidance aimed at boosting private investment in Britain’s rail infrastructure. The updated ‘Investment Pathway’ document is designed to help investors better navigate the regulatory framework, clarifying their responsibilities and the range of opportunities available. Separate tailored guidance has also been issued to outline investment options across specific types of rail infrastructure.

The publication comes after extensive engagement with investors over recent months, during which stakeholders called for clearer, more accessible information on how to invest in the rail network. The ORR said the refreshed guidance will make it easier for businesses and developers to contribute to projects that can drive both rail improvement and wider economic growth.

As part of its ongoing review of the Rail Network Investment Framework, commissioned by HM Treasury, the regulator has also pinpointed potential reforms to two key financial mechanisms: the Industry Risk Fee and the Network Rail Fee Fund. These funds play a vital role in supporting third-party investment by standardising approaches to risk and liability. The ORR plans to consult on possible updates to contribution rates, thresholds, and the use of generated interest to ensure they reflect current market data.

Feras Alshaker, the ORR’s director of planning and performance, said: “The Rail Network Investment Framework has supported over £40bn of third-party investment into the railway since it was launched. The changes we’re announcing today are a positive step towards making it easier and simpler to invest in the rail network, supporting economic growth.”

Image: Office of Rail and Road