Many of the opportunities identified in this document will be unlocked through the outcome of franchise competitions. The large number of franchises going into the market over the next two years will provide much greater certainty and clarity going forward as bidders seek to deliver affordable and efficient solutions to meet the requirements of passengers and funders. This work builds on that undertaken by ATOC for the IIP1 , and is designed as an early input into the proposed national rolling stock strategy, outlined in Measure 3 of ATOC’s ‘Rolling Stock and Value for Money’ Discussion Paper dated December 2011