Lumo, an open-access train service, unveiled industry-first insights in Stevenage, in a bid to illustrate its economic and environmental impacts.

The March 19 event, inaugurated by deputy Mayor Councillor Jim Brown, saw stakeholders and business representatives poring over Lumo's report.

Operating between London and Edinburgh, Lumo anticipates delivering economic benefits worth £470-£740 million over the next decade through quicker trips, customer fare savings, and job creation.

Furthermore, Lumo's all-electric trains saved 60.6 kilotons of CO2 in the previous year, equating to taking 13,475 fuel-driven cars off the roads.

Martijn Gilbert, managing director of Lumo, said: “It’s been a real a pleasure to discuss Lumo’s contribution to economies on our route, and to share an update on the carbon savings that we’ve achieved together as millions choose Lumo for their journeys.

“Our goal is to provide a rail service that supports economic growth and tourism across the UK that is both green and cost-effective - and it’s brilliant to be able to demonstrate exactly how we’re doing that.

“Our open access model means that we use existing capacity in the rail timetable to boost UK travel at no extra cost to the taxpayer, and we hope that today has given everyone a flavour of what our innovative operation is capable of achieving.”