London Gatwick Airport highlights Oxford Economics impact report on Northern Runway
London Gatwick Airport highlighted (05-Feb-2025) a report prepared by Oxford Economics, stating that the gross value added to the UK economy from imported cargo could increase to GBP9.8 billion in 2038 if plans for the airport's Northern Runway are approved in 1Q2025. The figure is more than twice the value in 2019 and GBP2.1 billion higher than without the Northern Runway. The airport stated the expansion to bring the runway into routine use would increase imports, potentially adding 60,000 flights per year and 35,000 new jobs whilst adding GBP2 billion to the economy p/a. [more - original PR]
Background ✨
London Gatwick Airport's expansion plans for the Northern Runway garnered significant public support, with 80% of surveyed residents in the south east backing the initiative due to anticipated job creation and economic growth1. In 2023, the airport contributed GBP5.5 billion to the UK economy and supported over 76,000 jobs2. The proposed expansion, which includes dual runway operations, aims to increase passenger capacity to 75 million per annum by the late 2030s3.