Delivering on our 5-year plan
This annual business plan is for the first delivery year of our new 2024-29 year plan. In this document we outline the key role we play in helping the sector to meet the most important challenges facing the industry.
We also introduce our strategic multipliers, and the role they will play in meeting industry goals.
RSSB has a unique collection of people with a variety of technical skills. When we apply expertise from different disciplines to solve multi-system challenges, we can produce solutions that are greater than the sum of their parts.
For instance, we could increase our exploitation of the value of data. This will enhance cost savings and improve performance. In 2024-25, we will develop a new standard for time in rail operations, provide guidance for industry on the better use of data, and upgrade the RAATS2 tool. Collectively, these commitments will deliver better information provision, drive improvement, and help manage train accident risk.
Our six strategic multipliers are:
Safety and health insights for the future
Enabling automation and benefitting from artificial intelligence
Improving testing capabilities
Exploiting the value of data
Improving weather resilience and preparedness for a changing climate
Embedding sustainability
You can find more information on how our 2024-25 work aligns with the six strategic multipliers in the Strategic Multipliers section at the end of this document.
The following pages provide an overview of work we will be undertaking during 2024-25 to meet the industry’s most important challenges. They are:
Cost reduction
Safe and satisfied customers
Improving system reliability and resilience
Adopting new technology
Freight safety and growth
Value to society and sustainability
