First has announced that it is to surrender the Great Western rail franchise, but only so that it can bid for a longer contract - perhaps one as long as 20 years. As the major rail provider for Cornwall, local residents and businesses will be paying close attention to what happens.
If First are to get their long term franchise then they need to promise a better service for customers. In particular, they need to get the punctuality record up to at least the UK average; they need to bring down some of the stupendously high fares and they need to provide a regular service to smaller Cornish stations.
But most of all, they need to guarantee the number of trains per day that will run as far as Penzance and abandon any moves to end the mainline service at Plymouth or Exeter.
UPDATE - St Ives MP Andrew George has insisted that the existing timetable of through trains to Penzance should be considered the absolute minimum for the new franchise.