Gatwick unveils £241m plan to boost second runway
Gatwick Airport has unveiled an extra £241m in investment plans to spread the benefit of a second runway to local communities.
The pledges follow Gatwick’s public consultation held throughout April and May with local residents.
The plans include:
- £46.5m to help local authorities deliver essential community infrastructure
- A £3.75m fund to help create 2,500 new apprenticeships for local people
- A series of noise initiatives including £45m for Gatwick’s unique council tax initiative and £5m for noise insulation measures
- Improvements to local transport links and a commitment to ensure local roads are no busier than they are today, with a £10m local highway development fund in place to meet any additional works
- For the small number of homes that would need to be compulsorily purchased, a £131m Property Support Bond will offer homeowners 25% above market value
Gatwick CEO Stewart Wingate said: “A second runway would create a £90billion boost to the UK. We are determined to be a good neighbour and not lose sight of the concerns of those communities close to home.
“We’ve listened to local people and have created a wide range of pledges to deliver improvements in many of the areas that matter to them most, from new jobs and housing, to business support and noise mitigation.
Grant Prior | Thu 24th July | Construction Enquirer