Transforming East London Together
An event was held recently to launch the release of the airport’s report ‘Transforming East London Together’ which looks back on all that LCY has achieved in 26 years as a champion for east London and sets out why they firmly believe that London is moving east.
Speakers on the night, held at the Gherkin, were ExCel London, The Silvertown Partnership and the Asian Business Port (ABP) about their investment decisions in East London and from Richard Blakeway, the Mayor of London’s Deputy for Housing, Land and Property, who set out the GLA’s hopes and aspirations for the area. The event was compered by Sara Parker from the Confederation of British Industry.
London City Airport continues to play its part in the success of East London and the Royal Docks. If the current planning application is successful, following the proposed redevelopment, within ten years LCY expect to be delivering six million visitors to East London each year, with the next generation of quieter, larger and more fuel efficient aircraft opening up a wide range of new international connections to and from east London. Our investment in the airport will also directly lead to the creation of 1,500 new jobs and generate £1.5 billion of economic benefit annually for the UK economy, approximately £150 for every man, women and child living in London.
When including other businesses across the Docks, by 2023 there will be a total of 50,000 new jobs helping to generate almost £75bn for the UK economy. Cast the net a little wider to Canary Wharf and Stratford’s International Quarter and more than 300,000 jobs will be supported in these key areas of East London alone by 2030.