This week saw the announcement of a £500 million upgrade to a key railway line in Derby.

The Midland Main Line, which runs between Derby and London, is set to be electrified as part of the Government’s £9.4 billion rail projects nationwide for the next seven years.

The scheme, which is due to start in 2014, will cut travel times from Derby to the capital by 10 minutes and could see local firms winning contracts for carrying out upgrades for both the Midland Main Line and other projects throughout the UK.

A spokesman for the Derby and Derbyshire Rail Forum, an organisation that represents more than 100 rail-related businesses across the region said, “There is great potential for Derbyshire rail firms to win work that could sustain them for the next decade and beyond.”

David Horne, Managing Director of Marketing Derby Bondholder East Midlands Trains, which is based in Derby, said, "Electrification will provide a smoother, quieter and quicker ride for passengers, cutting journey times while crucially delivering more capacity to cater for future growth."

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