Heathrow has ‘already started’ to invest in supply chain

Heathrow ‘has already started’ to invest £50 million into the supply chain after the government gave its backing to the third runway.

It is hoped that the investment by Heathrow will create up to 2700 new jobs including roles for architects, engineers and planning consultants. Heathrow airport plans to issue contracts worth £460 million even before construction of the third runway is set to begin in 2021.

According to the airport, 95% of the project’s procurement spending will be with the UK supply chain with more than 60% of that outside of London.

Trade union and business leaders gathered at Heathrow on Monday to commit their organisations to supporting the airport’s “fair and affordable” expansion until it is delivered, which is expected to be in 2025.

Heathrow chief executive John Holland-Kaye said: “The decision to expand Heathrow is a momentous turning point for our country, underlined by the unprecedented level of commitment from British workers and industry.

“This weekend Heathrow started the process of pumping hundreds of millions of pounds into the British supply chain to build an airport that is fair, affordable and secures the benefits of expansion for the whole of the UK.

“Over the coming years, I look forward to working with our new partners to create thousands of decent jobs across the UK as together we deliver Britain’s new runway.”

The British Chambers of Commerce, the Confederation of British Industry, Unite and the TUC were among the dozen organisations whose representatives signed the third runway commitment.

Their pledge stated: “The Government has set out a clear process to deliver an expanded Heathrow.

“What matters now is that we all work with Government to deliver expansion which is fair and affordable, while delivering for all of Britain.

“That’s why, today, we are pledging our commitment to work with Government to develop those plans and ensure Britain begins to reap the benefits of expansion before the end of the decade.”

 
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