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Monday 14th of December 2015
London Luton Airport has announced that its upcoming Airport expansion will create 10,500 new jobs and will bring a further £1 billion annually to the UK economy over the next 15 years.
A recent economic impact report, published by the independent consultancy Oxford Economics, has predicted that the airport will contribute £2.3 billion annually to the economy by 2030. The report comes as London Luton Airport experiences record passenger numbers with November 2015 up by 24% compared to the same period in 2014. As the fastest growing airport in the United Kingdom, Luton Airport has added 20 new routes and four new airline partners this year alone.
Currently, London Luton Airport supports 9,400 jobs in the region, after expansion, it is predicted that the airport will create 3700 new sustainable jobs at the airport. The airport will indirectly support 37,700 jobs by 2030.
Nick Barton, CEO of London Luton Airport said:
“This report vividly illustrates the economic benefits that LLA brings to the local and regional economy. As we deliver on our ambitious £110 million plans to transform the airport, we will be working hard to ensure that our region and local communities reap the maximum benefit and share in our success.
“The report is very timely as the government considers the location of a new runway in South East England. The Airports Commission made clear that it is imperative for the UK’s international competitiveness that airports such as LLA grow. Our redevelopment will ensure that we continue to punch above our weight within London’s six runway system, delivering greater choice, value and service to passengers.”