Thames Valley Chamber of Commerce logo

Heathrow Airport expansion to take off after pivotal parliamentary vote

July 12, 2018

Heathrow Airport expansion to take off after pivotal parliamentary vote

Plans for a new north-west runway at Heathrow Airport have been approved in the House of Commons after voting went in favour of the Airports National Policy Statement (NPS) on the 25th June. Building work for the third runway could now begin as early as 2021, with the runway potentially becoming operational by 2026.

By providing new international routes, accompanied by an anticipated additional 16 million long-haul seats by 2040 and a doubled freight capacity, the third runway would open-up new routes to emerging markets for a globally connected Great Britain.

The expansion would also bring an immense economic boost to the Thames Valley, with 35,000 jobs and £3.5 billion of GVA expected to be added to the South East economy by 2040, according to an economic assessment commissioned by the Western Wedge partners. With over two-thirds of the UK’s top 300 companies headquartered within a 25-mile radius of Heathrow Airport already, the new runway would assist in ensuring that these companies remain in the region. The greater connectivity generated from the third runway would enhance the attractiveness of the area for other companies and retain the competitive advantage that the Thames Valley region currently has.

The parliamentary approval of the NPS from the House of Commons at the end of June has therefore been welcomed in the Thames Valley. Tim Smith, Thames Valley Berkshire LEP Chief Executive commented:

“The decision to support Heathrow expansion is a positive signal from Cabinet about the UK’s future, global connectivity. As the most productive sub-region in the country, Thames Valley Berkshire’s connectivity is very much its USP and is crucial to maintaining both the area’s and UK’s competitive advantage. The LEP has made public its position of support for the expansion of Heathrow since 2012 and this has always been based on sound evidence.”

Read more here

← back to Blog

About the author

Katherine Chapanionek

Katherine Chapanionek

We work alongside the Department for International Trade (DIT), the region’s Local Enterprise Partnerships (LEPs), Local Authorities and professional service providers to support foreign direct investment (FDI) into the Thames Valley. Outside of London, the Thames Valley is consistently the highest performing region in attracting foreign-direct investment into the United Kingdom.

Add your comment

Sign in or sign up to leave a comment.

0 comments

Share this content
Global Brands
Find out which Global Brands call the Thames Valley home
Lifestyle & Environment
Explore the Lifestyle & Environment of the region

The Chamber of Commerce

Paul Britton
Chief Executive

We work alongside the Department for International Trade (DIT), the region’s Local Enterprise Partnerships (LEPs), Local Authorities and professional service providers to support foreign direct investment (FDI) into the Thames Valley.

For the 2017/18 financial year, we are proud to report that the Thames Valley has retained its status as the number one region in the UK, outside of London, for attracting FDI. 191 FDI projects were recorded as entering the region, with a high proportion of these investors strongly supported by the Chamber.

Contact Paul Britton

New Blog articles

Oxfordshire-based Reaction Engines has been given the green light to begin a testing programme for the core section of SABRE, its proposed single-stage-to-orbit spaceplane engine.

Keep reading →

As part of the Government’s modern Industrial Strategy, Business Secretary Greg Clark and Digital Secretary Jeremy Wright have announced a nationwide government-industry package to support

Keep reading →

This website is managed by:

Thames Valley Chamber of Commerce Group

The Thames Valley Chamber is a proven centre of excellence for International Trade and Inward Investment support services. Our team provides practical support to help inbound and established businesses reach their potential. We are one of the largest Chambers accredited by the British Chambers of Commerce in the UK and the only accredited Chamber in the region.

www.thamesvalleychamber.co.uk