1. 25th November 2014 PTRC London 1 Jim Steer Director Greengauge 21 Director HSR Industry Leaders HS2 – more than a railway HS2: Building in the benefits at the local level PTRC London

2. Starting points “A railway is not a strategy….” Prof Tony Ridley CBE 25th November 2014 PTRC London 2

3. HS2 Objectives 1. Capacity Performance reliability 2. Connectivity Economists’ construct (generalised cost) 3. Rebalancing the economy Coalition Government policy 25th November 2014 PTRC London 3

4. More than a railway… Transport Across all of the modes of transport In rail: not just intercity: freight, commuter, regional and local rail (capacity released) access transport Economy Improve productivity Bring businesses closer together Expand labour markets ‘Create’ jobs? Change the pattern of regional growth… Social and environmental implications too 25th November 2014 PTRC London 4

5. The wider issue “ We have a choice…cities in terminal decline, starved of infrastructure investment, poorly connected and unable to compete with developments on the urban fringes” “Or…enable our cities to grow and prosper, with new high-speed services between the major centres, complemented by better transport within urban areas allied to decisive city planning focused on high quality and sustainability.” Greengauge 21 Manifesto: the High Speed Rail Initiative January 2006 25th November 2014 PTRC London 5

6. The role of HSR in a sentence “to support a pattern of sustainable development across Britain” 25th November 2014 PTRC London 6

7. Transport Highways Agency capital budget £1.5bn to £3.8bn pa 2020/1 North of England 3-4% annual traffic growth….114% increase in time loss from congestion by 2040 M62 – managed motorway programme reaches capacity by 2028 Airport capacity decisions? 25th November 2014 PTRC London 7

8. Using released capacity – the Government’s six principles (October 2013) Places with direct London services today – comparable or better after HS2 opens Additional commuter capacity Spread benefits to many towns and cities on existing network Fully integrate HS2 services into existing network Grow railfreight Improve performance with more robust timetables. 25th November 2014 PTRC London 8

9. And conversely, freeing up capacity for HSR (for Gare du Nord (illustrated) read Euston) 25th November 2014 PTRC London 9

10. Economy 1. Development around stations Paul Deighton task force: ‘HS2 Ready’ Market response requires new planning frameworks 2. To rebalance the economy needs more than a set of rail- based business parks City-wide Across City Regions Intermediate and extended network locations 3. Integrate investment and industrial policy Build a new export sector (just like automotive) 25th November 2014 PTRC London 10

11. Thinking through sustainability does affect design and outcomes HSR stations work best in city centres That’s where the fast growing knowledge intensive jobs are That’s where the best access transport is That’s how best to support sustainable development Second tier cities and towns matter too Removing existing through services, especially to London is very unpopular and with so much more capacity should be unnecessary On freight More railfreight is the key to getting a net carbon reduction from HS2 25th November 2014 PTRC London 11

12. High speed rail “to support a pattern of sustainable development across Britain” 25th November 2014 PTRC London 12

13. Thank you PTRC London 13 25th November 2014