Polhill tunnel near Knockholt, Kent

Annual report and accounts

We own and operate the railway infrastructure in England, Wales and Scotland on behalf of the nation

In this, our Annual Report and Accounts, we outline performance during 2017/2018, the fourth year of Control Period 5. Click on the button or image to download the full report.

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Over the past five years, we’ve been delivering and building some huge investment projects across Britain - including the redevelopment of London Bridge station.

Our strategy

This year, Network Rail developed and submitted its strategic business plan for the next five year control period (CP6) running from 2019 - 2024. As a passenger and customer-focused business, our plan for the next control period focuses on the following key responsibilities.

Keeping people safe on the railway is at the heart of everything Network Rail does. We want everyone home safe, every day. As well as it being a moral responsibility, we believe that improved safety and improved business performance go hand in hand.


Keeping people safe on the railway is at the heart of everything Network Rail does. We want everyone home safe, every day. As well as it being a moral responsibility, we believe that improved safety and improved business performance go hand in hand.


Click on the image to see how our five key strategic responsibilities for Control Period 6 will translate into real, measurable outcomes.

Key Sections

From our board

Key messages from our board on our achievements and challenges in 2017/18. Download the foreword by chair, Sir Peter Hendy, the chief executive's review by Mark Carne and chief financial officer, Jeremy Westlake's review of our financial performance.

About Us

Learn more about how we are structured and organised, as well as how we are corporately governed.

ARA 2018 - About us

Our matrix structure is designed to ensure our routes are supported by a central national framework. The framework offers specialist services and advice, delivering economies of scale and providing the ‘glue’ to ensure the nine routes function as a coherent network and are greater than the sum of their parts.

Click on the image to see the full size matrix.

Our Railway Upgrade Plan is the biggest investment in the railways since Victorian times. It's now entering its final phases and better, more frequent and faster journeys are now becoming a reality.

Our performance

An at-a-glance summary of how we performed against our targets for key performance indicators.

Route devolution continued to evolve during 2017/18

We now have nine fully devolved route businesses including the Freight & Passenger Operator route (FNPO) that operate independently within a national policy and control framework. The nine routes are accountable for, and have delegated authority to manage their operating, maintenance and renewals activities, having regard to the requirements of their train and freight operating customers and passenger profiles.

Click on the map to view the performance report for that geographic route.

 

In November 2017, Network Rail, alongside industry colleagues and government partners, celebrated the completion of the Ordsall Chord in Manchester, part of our devolved London North Western route.

Great people, great teams

Did you know?

  • In December 2017 ahead of UK government deadlines, we published the details of our gender pay gap. Our 2017 pay gap is 11%. This is substantially lower than the UK pay gap of 18.1 %.
  • Our Apprenticeship programme has won the National Transport Awards' Apprenticeship Champion of the Year Award.
  • We set about developing the 20by20 project to increase our number of female employees from 16% to 20% by 2020.

How we act responsibly

In 2017/18 we continued to work in ways that improve Britain's economies, communities and the wider environment, and took our transparency work to the next level.

Annual Reports Archive