Umbrella company contractors working within the engineer or construction sectors could find themselves in high demand due to National Rail investing billions into rail infrastructure.
National Rail have recently made the announcement that over the following five years, they will be investing up to £38 billion into rail infrastructure, which will include building new tracks, upgrading existing lines and renovating stations.
The decision has been made due to the fact that the railway company faces £70 million in fines because of delays suffered by passengers over the last five years.
In a statement, Mark Carne, chief executive of Network Rail, said, "Passenger numbers in recent years have grown far beyond even our own industry's predictions, so it's vital that this investment over the next five years helps meet the continuing increase in demand for rail travel.
"Bigger, better stations, more tracks and longer platforms, electric-powered trains, reopened railway lines and fewer level crossings – all will help deliver more frequent, more comfortable, more reliable journeys and a safer, better-value railway for everyone."
David Sidebottom, acting chief executive of rail watchdog group Passenger Focus, added, "The £38bn investment for Network Rail over the next five years is welcome, particularly during difficult economic times.
"Passengers should ultimately see an improved rail service bringing the things they tell us they want: improved punctuality, reliable trains with more seats.”
Some of National Rail’s plans include having up to 700 more trains running per day between major Northern cities, creating 20% more London commuter trains and upgrading stations such as Birmingham New Street and Manchester Victoria.
Lisa Keeble is the Managing Director for Contractor Umbrella Ltd, one of the UK’s Most Respected Umbrella Companies and founder member of AllUmbrellaCompaniesAreEqual.
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