USS have written to the new Prime Minister, Theresa May, asking her to “green light” expansion at Heathrow and pledging to help her build her vision for a better Britain.
Writing to the new UK Prime Minister Theresa May, USS has reiterated Heathrow’s shareholders pledge to boost the UK economy, create jobs and leave a legacy of skills across the country if the Government gives the go-ahead to Heathrow expansion. Heathrow’s shareholders together control over $1 trillion in fund.
Committing to invest £16bn in a privately-funded stimulus package if Heathrow expansion gets Government approval, Heathrow’s shareholders have pledged to create new jobs across Britain as soon as the project is given the green light.
The investors also say that a decision on Heathrow would boost investor confidence in the wider UK economy, demonstrating that the Government can take evidence-based decisions in the national interest.
The economic opportunities and the fair deal for local communities are, say the Airport, why their new expansion plans are “overwhelmingly backed by small and large businesses, trade unions, cross-party politicians and council leaders and airlines as the best solution to Britain’s aviation capacity crunch”. Heathrow say supporters include the CBI, FSB, chambers of commerce from across the country, trade unions Unite, the GMB and the TUC, 38 British airports and airlines such as easyJet, which plans to operate from an expanded Heathrow. They also say a large proportion of the local community backs Heathrow.
Commenting on the letter, Heathrow CEO John Holland-Kaye said: “As USS state in the letter, the Prime Minister can send the strongest signal to the world that Britain is a confident, outward-looking nation that is open for business by expanding the UK’s biggest port and global gateway, Heathrow.
“At a time of uncertainty, a £16bn privately-funded infrastructure investment will create jobs and growth across the UK. We have a real opportunity to build a better future for communities across our country and help fulfil the Prime Minister’s vision for the UK.”