Business backs R3

Four out of five businesses say expanding Heathrow is key to the city’s future success and ability to compete, according to the latest CBI/CBRE London Business Survey.

80% of firms think sticking to the Government’s current timetables for building Heathrow’s third runway is vital to London’s attractiveness as a place to invest.

In addition, 84% see Crossrail 2 as being central to the capital’s successful expansion.

Eddie Curzon, CBI London Director, said: “The capital’s businesses … recognise the importance of driving the city’s infrastructure forward to do so. By ploughing ahead with Crossrail 2, a new runway at Heathrow … London can keep ahead of the curve, and make the city an even more attractive place in which to invest, live and work for decades to come.

Adam J. Hetherington, CBRE Managing Director, London, said: “Transport infrastructure is crucial for the viability of office schemes in London. We expect schemes located along the new Elizabeth Line (Crossrail) to be amongst the best performing in London. The survey also reinforces our view that Crossrail 2 will unlock the potential along its planned south west to north east route.”

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