Rock Rail appoints leading rail safety expert as Health & Safety Director

Rock Rail announces the appointment of George Bearfield, from the Rail Safety and Standards Board (RSSB), to the new position of Health & Safety Director covering Rock Rail’s asset management activities and other business operations.

George starts with Rock on January 2nd, 2019 and will have responsibility for all aspects of Rock Rail’s Safety Management Systems including safety assurance responsibilities for all fleets under its management.

George joins with over 20 years of experience in the health and safety arena. In his previous role as Director of System Safety and Health at RSSB, George has been responsible for RSSB’s work to support the rail industry in all aspects of its health and safety management and assurance processes and capabilities. He also played a key role in the setting of the national rail health and safety strategy and in delivering associated programmes, including sponsoring the successful relaunch of the national supplier qualification scheme RISQS.

Prior to his work at RSSB he worked as a consultant on safety assurance of complex safety critical systems, following previous roles in the railway supply sector designing rail systems.

George’s appointment follows other recent recruits to the team, including Mike Kean, (previously Deputy Managing Director of Greater Anglia), who starts with Rock next month as Chief Operating Officer heading up the company’s asset management team.

Rock Rail has been providing specialist rolling stock asset management services for over two and a half years, alongside its funding, procurement and leasing activities. These services cover all aspects of design, construction, fleet introduction and ongoing operation with a focus on managing long term residual value. Rock provides these services across the three new rolling stock fleets, together worth £2 billion, that it has been awarded since 2016. Trains from the first of these fleets, the Siemens built Class 717s, are due to enter service on the Great Northern route over the next few weeks.

Mark Swindell, CEO of Rock Rail said:

“Rock Rail is thrilled to have George join the team in this key role. Health and safety assurance is a critical part of asset management and George’s experience and expertise in rail safety management and assurance fully complement the rest of the Rock team in delivering an industry leading asset management service.

“George’s appointment together with Mike Kean, Rock Rail’s new COO, and other recent recruits to the team will create an even stronger, scalable platform providing asset management services for our existing portfolio and with the capacity to extend to future Rock Rail procurements as well as to other third-party owned fleets.”

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Driving Net Zero: How Rock Road 
Is Funding the UK’s Bus Transition

Accelerating the shift to clean, affordable, zero-emission transport

Year
2025
Category
Rock Road
Share

The Challenge

The UK bus network is at the heart of everyday travel – but over 30,000 diesel buses still need replacing to achieve a fully zero-emission fleet.

While around 5,000 battery-electric buses are already on the road, the high upfront cost of electric vehicles and depot electrification continues to slow the transition. Traditional funding routes — such as government grants or short-term bank finance – have helped start the journey but cannot support decarbonisation at the scale required.

A new, sustainable funding model was needed: one that could attract long-term capital, spread costs fairly, and give operators and authorities confidence in the future.

The Solution

In 2021, Rock launched Rock Road to deliver exactly that –  applying its proven infrastructure financing approach from the rail sector to the UK’s clean bus revolution.

Working with Aviva, the National Wealth Fund, and HSBC, Rock created a dedicated investment platform that channels infrastructure-style finance from pension funds and institutional investors directly into zero-emission bus projects.

This model provides:

Impact

The platform has already raised £100 million, with capacity to scale to £1 billion per year over the next decade – providing a consistent source of affordable capital for local authorities and operators.

Rock’s model ensures that the total cost of ownership (TCO) of electric buses can now be lower than diesel equivalents, thanks to both cheaper long-term finance and reduced operating costs.

In London, Rock has financed 120 zero-emission buses under 7-year leases aligned with Transport for London’s contract lengths. This structure gives operators flexibility and certainty:

The Future

Rock Road’s ambition is to support the rollout of zero-emission fleets across the UK – helping local authorities and operators meet climate goals without overextending public budgets.

By leveraging limited government funding to attract large-scale private capital – for example, £10 million of public investment unlocking over £250 million in total funding – Rock’s model accelerates decarbonisation while keeping costs low for the public sector.

Our ambition is to make electric buses the default choice - not because of subsidy, but because they are the best economic and environmental option.
Louis Swindell
Commercial Director, Rock Road