Britain’s largest airport has unveiled plans for its biggest-ever investment programme, signalling a major push forward with its controversial third runway project. The announcement, made today at British Steel’s Scunthorpe plant, comes just two weeks after receiving backing from the Chancellor.
In a strategic move emphasising national benefits, Heathrow CEO Thomas Woldbye chose to announce the expansion plans far from London, underlining the airport’s commitment to spreading economic advantages across Britain. The programme, which will be 100% privately funded, includes immediate infrastructure upgrades alongside preparations for the long-awaited third runway.
“A third runway is critical for the country’s future economic success,” Woldbye declared, confirming that detailed plans will be submitted to Government this summer. The expansion is expected to boost UK GDP by 0.43% by 2050, with 60% of benefits reaching areas outside London and the South East.
The immediate investment programme includes:
- Major upgrades to Terminals 2 and 5
- Airfield reconfiguration to improve punctuality
- Enhanced local transport links
- New sustainable power infrastructure
In a symbolic move highlighting the project’s national scope, Heathrow signed the UK Steel Charter during the announcement. Industry Minister Sarah Jones welcomed the commitment: “This investment marks a major vote of confidence in our homegrown steel sector and this government’s Industrial Strategy.”
The expansion has garnered support from diverse quarters, including over 30 Chambers of Commerce, major unions, and regional airports. Craig Beaumont from the Federation of Small Businesses noted: “Getting growth means moving forward with a strong plan for a third runway at Heathrow. Small businesses across the country will benefit.”
However, environmental concerns remain central to the project’s future. Woldbye acknowledged these challenges, emphasising that expansion would only proceed under strict environmental safeguards. “This project can only go ahead if we meet the rules on noise, air quality and carbon that the Government sets out,” he stated.
The airport will now begin stakeholder engagement, including discussions with airlines and local communities, as it develops its final proposals. With initial improvements starting this year, this marks the beginning of what Heathrow calls a “once-in-a-generation” transformation of Britain’s primary aviation hub.
