news

Civil Rail Solutions secures £3 million funding for expansion

0
SHARES

Posted: 18 June 2024 | | No comments yet

Civil Rail Solutions Limited has secured a £3 million funding line to support its growth and meet increased demand for labour in the rail and construction industries amid Network Rail’s new investment plan.

Civil Rail Solutions secures £3 million funding for expansion

Credit: Civil Rail Solutions

Civil Rail Solutions Limited (CRS), a labour supplier for the rail and construction industries, has announced that it has secured a £3 million confidential invoice discounting funding line with independent SME funder Bibby Financial Services (BFS). This funding comes as Network Rail begins its £45.4 billion five-year investment plan, known as Control Period 7, initiated in April 2024. The funds are intended to help CRS meet the increasing demand for skilled labour in the industry.

Founded in 2008 and headquartered in Ashford, Kent, CRS operates nationally, providing personnel solutions to clients including Network Rail, London Underground and Transport for London (TfL), along with various contractors within the rail and construction sectors. The company expanded in 2016 by opening a regional office in Doncaster, South Yorkshire, to enhance its ability to deliver local labour on a national scale.

The symposium for newcomers and career changers in the railway system

The funding package, arranged through an introduction by Amanda De Courcy of ADC Financial, includes a £3 million confidential invoice discounting package based on CRS’s accrued income. CRS chose BFS among other funders due to BFS’s flexibility, understanding of the rail sector and tailored invoice finance solutions designed to provide working capital for new and existing contracts.

Mark Mason, Chief Executive Officer at CRS, said: “As we enter this new control period for the UK rail sector, we are in a great position to continue our growth journey as a strategic labour supply partner to industry leading rail contractors. Due to the complex nature of these industries, we were looking for a partner who understood both our sector and ambition, and would be able to provide the flexibility we need to respond to evolving demands in the sector. BFS were able to demonstrate both, and we look forward to working with the team in 2024 and beyond.”

read now

NEW REPORT FROM GLOBAL RAILWAY REVIEW: Track Insight – Track Maintenance | Transforming Track Maintenance Through Technology

Our latest expert-led Track Insight explores how industry leaders are revolutionising the future of track maintenance through cutting-edge innovation and real-world strategies.

From automation and robotics now streamlining inspections and repairs, to predictive maintenance powered by IoT sensors and advanced analytics, the rail sector is entering a new era of precision and efficiency. Companies like Goldschmidt, Bentley Systems, and MxV Rail are leading the charge, redefining how infrastructure is managed with AI, machine learning, and digital twins to reduce downtime and extend asset life.

In this new data-rich landscape, organisations such as Amtrak and the Rail Accident Investigation Branch are demonstrating how to turn vast streams of information—from track geometry to environmental monitoring into actionable intelligence for safer, smarter networks.

Download this insightful, practical guide for FREE and see how your operations can evolve – READ FOR FREE NOW!

 

Related regions

,

Leave a Reply

Your email address will not be published. Required fields are marked *

Share via
Share via