Based at Derby College, the Rail Employment and Skills Academy will be able to draw upon the expertise of world beating local rail businesses across a range of disciplines including construction, engineering, finance as well as support services.
Paul Maynard MP, who attended the recent Rail Forum East Midlands annual conference, said: "The UK rail industry has all the ingredients to be a world leader and our investment in the Midlands Engine puts the region right at the heart of that potential growth and prosperity."
April Hayhurst, Deputy Principal for Employer and Economic Affairs at Derby College, said: "Bringing together rail employers and Derby College will enable us to develop the skilled workforce that companies require to grow their business and ensure young people recognise the opportunities available to them in this industry."
The rail industry in and around Derby employs some 25,000 people and contributes over £2.5bn to the regional economy. With record levels of government investment in Britain's railways, the new Rail Academy will help develop a diverse and highly-skilled workforce; enabling businesses across the East Midlands to win new rail orders both at home and abroad.