The Confederation of British Industry (CBI) has urged Parliament to approve the new runway at Heathrow for “a stronger economic future.”
Representing the business interests of almost 200,000 organisations with approximately seven million employees, the CBI’s position is a sound indicator as to how companies will feel about expanding Heathrow Airport’s capabilities, given it is now at full capacity.
The government has already approved plans for a third runway as part of its Airports National Policy Statement (NPS), but in order for progress to be made, Parliament has to vote for the expansion scheme.
Expected to double freight capacity and add benefits of approximately £74 billion to the wider economy, the expansion – which will be privately funded – will cost nothing to tax payers.
And Carolyn Fairbairn, CBI Director-General, believes British industry needs to the new air capacity, which is “critical” for the economy of the UK.
As such, she has urged MPs to vote for the third runway.
She said: “Time is up on the indecision and delay on the new runway at Heathrow. The UK must be open for business, and to the world.
“A new runway is critical for our economy, and we have reached the day when Parliament needs to say yes.
“New air routes from Heathrow will unlock billions of pounds in growth, create tens of thousands of jobs in all corners of the UK and enable entrepreneurs to export to the booming growth markets of the world.
“Any more delay, and our competitors – who have been busy building their own aviation capacity and trade relationships – will pull further ahead.
“Strong economies need strong leadership. From Truro to Thurso, firms are counting on their MPs to vote for a stronger economic future.”
This view reiterates those of representatives of smaller businesses, who also believe this capacity is crucial for industry in the UK.