- Cebr has undertaken research to quantify the economic impact associated with Heathrow Airport. Headline results are summarised below.
- In 2019, the value of trade going through Heathrow Airport stood at approximately £188bn. Cebr forecast that by 2025 this will grow to over £204bn, representing 21.2% and 32.0% of UK trade of goods and non-EU trade of goods by value, respectively.
- Passengers who entered the UK through Heathrow spent an estimated £16.6bn in the UK in 2019 and Cebr estimates that, when international travel resumes, Heathrow passenger expenditure in the UK could rise by as much as 10% by 2025.
- Based on the composition of cargo passing through Heathrow in 2025, together with the geographic composition of the UK in 2021, it is estimated that regions including the Midlands, Wales and the North-East could benefit most, since they are the most manufacturing intensive.
- Cebr’s input-output modelling shows that Heathrow Airport is expected to contribute approximately £4.7bn to the UK economy and is set to support more than 140,000 jobs across its broad supply chain by 2025
- Heathrow facilitates almost half of trade in value with current members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), that the government is considering to join.
July 6, 2021