Virgin Group has unveiled plans for a significant new cross-Channel high-speed rail service, aiming to offer a direct competitor to Eurostar.
The proposed project would involve securing £700 million—£300 million through equity funding and £400 million through debt—to develop an innovative high-frequency rail service connecting the UK with mainland Europe. If successful, Virgin’s cross-Channel service could launch as early as 2029, becoming Eurostar’s first direct competitor in three decades.
A Virgin spokesperson highlighted the benefits of increased competition, stating: “The cross-Channel route is ready for new competition, which will benefit passengers significantly. We’re encouraged by the progress made so far, although we haven’t yet committed fully to launching the service.”
The proposed Virgin trains would need to meet strict safety regulations for Channel Tunnel operations and address logistical issues, such as station capacity and compatibility with tunnel safety standards.
The announcement coincides with recent plans by St Pancras International Station to significantly increase passenger capacity, and Eurostar’s efforts to boost service and routes amid growing competition.
Virgin Group expressed optimism about the project’s prospects, highlighting the appeal of improved passenger choice, greater competition, and enhanced travel experiences.
