Published 16th May 2023, 13:20 BST

In a half-year report for the six months to the end of March 31, Renew said group revenue had increased by 14 per cent to £471.8m, while adjusted operating profit was up nine per cent to £28.3m.

The company, which supports the maintenance and renewal of critical UK infrastructure such as roads and rail, highlighted a new deal covering the Wales & Western region which serves 2,700 miles of railway.

It follows the group’s 2021 purchase of overhead line electrification specialist REL and its report said it is now able to secure rail work that was “previously unattainable” following the purchase.

Renew Holdings subsidiary QTS clears fallen branches on a railway line.

Renew hopes to secure further expanded regional rail contracts in the other areas of the country.

Paul Scott, CEO of Renew, told The Yorkshire Post: “This is an expanded working relationship and an expansion of our service offering.”

He said he hoped that in another year, further agreements will have been made to cover different regions.

The report said that while there has been recent speculation Government budgets for rail maintenance work could be constrained, “we are not currently seeing any indication that would suggest the level of demand for our services is reducing”.

It added: “In fact, we continue to see record demand for our services which is illustrated by our trading momentum as well as a strong forward order book.

"Further, recent success stories like our framework awards in Wales & Western demonstrate the growing capabilities within our business when we leverage the expertise within our brands through collaboration.”

The report also highlighted the successful integration of water and environmental engineering specialist Enisca into the business following its purchase in November.

Mr Scott said the deal was part of Renew’s continuing evolution to ensure it is meeting changing infrastructure requirements as different sectors increasingly turn their attentions towards hitting net zero.

He said: “The group is dramatically different to what it looked like 10 years ago.”

Mr Scott also highlighted the company’s ongoing involvement with Network Rail’s Access for All scheme to improve accessibility to railway stations.

He said one of the ongoing projects is taking place in Bridlington, where a £4.6m improvement programme including the installation of new lifts is under way.

Renew seeks more railway work after securing expanded deal in Wales and Western England