Co-operatively owned transport company Go-op has signed a track access contract with Network Rail, and is the first co-operative or mutual rail business to sign such a contract.
This has been made possible by several small investments from its members, many of whom use existing rail services in Wiltshire and Somerset.
It has also acquired Class 769 rolling stock for its new route between Taunton and Swindon, which are larger, faster and cleaner than the two-car Class 150s previously proposed.
This comes after the rail regulator previously gave the go-ahead for the extra routes between Swindon, Taunton, and Weston-Super-Mare and set approval conditions to ensure Go-op has enough money and rolling stock in place before its launch.
Before it can launch at the end of this year, Go-op needs to cover £2.5 million in costs and is seeking
investment partners to reach this funding target.
Strategy director Danny Douglas said: “We’ve demonstrated that there is an approach to open access rail that complements the nationalised operator.
“This can bring a focus on local connectivity whilst sustainably bringing growth to communities in their regions.
“Go-op are now keen to talk to local government who want to enter partnerships across the country about how they can do the same thing in their area with Go-op.”
The Class 769 is a bi-mode train capable of operating at up to 90mph, and has four carriages, offering much more space both for passengers, bicycles and freight.
Go-op chair Alex Lowrie said: “One of the great strengths of the class 769 is that it can take advantage of renewable electricity to deliver zero emission transport on a significant part of our route.
“If the overhead line network is extended beyond Chippenham, or we get battery charging facilities in Somerset, we can get the benefits straight away.
“It also means we can make good use of the upgrades proposed in the Wiltshire Strategic Rail Study to increase capacity through Melksham.”
The announcement of more capital investment in the rail network from the government has also given Go-op’s plans a boost.
New stations in Wellington and Portishead will bring additional passengers to the railway in Somerset.
Vice chair David Northey added: “This is the moment to commit to a new station at Somerton.
“Government assurances could ‘crowd in’ funding from a variety of sources, and we’re ready to pick up passengers there from day one.”
Go-op is building partnerships with established rail businesses to deliver its services and is actively seeking major investment partners to help launch the service.
It will be the first co-operatively owned train service and the first regional open-access service in the UK.
Go-op plans to start in
December 2025 at the earliest and must do so no later than December 2026 in order to use the capacity that the independent safety and economic regulator for Britain’s railways, ORR, has granted.
Go-op must provide evidence to the regulator that proves it has the necessary finance to start operations, fund level crossing enhancements, and that the amount of rolling stock that is required has been secured by November this year.
Alex Lawrie added: “We’ve taken our grassroots crowdfunding approach as far as we can.
“What we need now is strategic partnerships with a small number of specialist investors who see the connection between our operations and the big capital projects in the area that have gained momentum on the strength of our track access contract.
“From housing and buses to leisure and energy developments, Go-op is the catalyst for growth across the region.”