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25 October 2016

Heathrow’s third runway sends clear signal Britain is open for business

Responding to the Transport Secretary Chris Graylings' statement on the Heathrow Airport decision, Mike Cherry, National Chairman at the Federation of Small Businesses (FSB), said:

“FSB agrees with the Governments' clear decision on the third new runway for Heathrow, which will help to boost international trade and create jobs. This could create up to £211bn of extra economic growth, 180,000 jobs and double the apprenticeships at Heathrow to a total of 10,000. We now need to see budgets committed and shovels in the ground as soon as possible.

“We are also pleased to see the Government focus on the importance of new domestic routes to increase regional connectivity, including the six new regional routes. We will be working with Government and Heathrow to ensure maximum regional connectivity to support small businesses throughout the UK.

FSB is keen to ensure our members and small businesses can capitalise on the procurement opportunities that the expansion of Heathrow will provide. We will continue to work closely with Heathrow to guarantee small firms will play a major part in the huge £16bn procurement exercise to build the runway and associated works.

“At a time when FSB’s latest small business confidence index shows 62 per cent of small firms view the domestic economy as a barrier to growth, there is no better signal Britain is open for business than today's decision."