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Railway Industry Association cuts fee to entice SMEs

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The Railway Industry Association (RIA) has thrown open its doors to SMEs with the launch of a special membership offer for smaller players in the rail supply sector.

The cut-price deal, which the association says is designed to make RIA more accessible to companies with a rail turnover of less than £1M, halves the current annual minimum membership fee of £1,750 to just £875.

Existing members who meet the criteria will also benefit from the lower fee when the new membership year starts in April 2019.

RIA chief executive Darren Caplan explained: “RIA really is excited to be introducing this new membership offer. There are numerous organisations and innovators looking to come into the rail industry and to join RIA, bringing new ideas and ways of thinking, and the new inclusive membership offer will enable them to do so.

“In the last year its membership has increased from 190 to over 215 members. This new lower fee will help even more prospective SMEs, micro businesses and sole traders, join our award-winning team, assisting us to do whatever we can to help grow the rail supply sector in what are clearly uncertain times. It is also a ‘helping hand’ for existing RIA SMEs with a rail turnover of less than £1M.

“RIA is keen to welcome in rail suppliers of all sizes. This new offer should hopefully make it markedly easier for those with lower rail turnovers to join RIA, grow their businesses and benefit from our lobbying, policy, technical, and exports work, tender opportunities and best practice sharing and flagship events. And it helps RIA’s voice to become even more representative.”

To qualify for the new lower rate, businesses must have a UK rail turnover of less than £1M and not be owned by a company with a turnover of more than £50M.

Prospective members can join now with seven months of the normal subscription year left for £510. 

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