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The Guardian - UK
The Guardian - UK
Business
Joanna Partridge

Virgin aims to raise £700m to rival Eurostar on cross-Channel trains

Eurostar Virgin Richard Branson Channel London Evolyn Virgin Group Amsterdam Brussels ORR
A Eurostar train at a platform in London, ready to depart for Paris.
Eurostar has run cross-Channel rail services for 30 years. Photograph: Andrei Antipov/Getty Images

Richard Branson’s Virgin Group is aiming to raise £700m to fund its plan to launch cross-Channel rail services that would compete with Eurostar.

Virgin, which previously operated intercity trains in Britain including between London and Glasgow, plans to start rail services connecting the UK capital with Paris and Brussels. It would also look to run trains to Amsterdam.

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