CE Delft study shows alleged economic benefits of London City…

ce-delft-study-shows-alleged-economic-benefits-of-london-city…

CE Delft study shows alleged economic benefits of London City…

CE Delft study shows alleged economic benefits of London City airport greatly exaggerated
2021-06-22 09:55:00
In December 2020, London City Airport published its Master Plan, after various consultations. This claims: “Taking all benefits into consideration, the proposed growth could add £586 million [annual benefit in 2035]  to the UK economy. Adding this impact to the £1.5bn impact that LCY is currently expected to reach under CADP, the airport could reach a £2bn annual contribution to the UK economy by 2035.” This was based on figures produced by a report for the airport by Ove Arup in April 2019.  All that was in the heady days before the impact of Covid on air travel … A report by the consultancy, CE Delft, looked carefully at the figures of supposed future economic impact, and found name exaggerations and errors. CE Delft consider that the £586 million in economic impact in 2035 is an overestimate. Our study suggests the economic impact is likely to be smaller than £ 353 million + PM (plus or minus things that is impossible to calculate). This disparity in estimates is partly as local impacts are not additional at the national level, according to the UK’s transport analysis guidance WebTAG. Also that trade impacts should not be taken into account, according to WebTAG. .Tweet     The report by CE Delft in February 2020 is at Review of the economic impact analysis of the expansion of London City Airport https://hacan.org.uk/wp-content/uploads/2020/03/CE_Delft_190363_Review_of_the_economic_impact_analysis_of_the_expansion_of_London_City_Airport.pdf   Its conclusion states:  This report has conducted a methodological review, a review of results and has attempted to recalculate the economic impact of the proposed Draft Master Plan for expanding capacity at London City Airport up to 11 million passengers by 2035. The socio-economic impacts of this proposed Draft Master Plan were presented in a Socio-Economic Assessment Report conducted by ARUP (ARUP, 2019). According to ARUP, the estimated economic impact of the Draft Master Plan on the UK economy would be £ 586 million in 2035. In general, our study has concluded that the £ 586 million in economic impact in 2035 is an overestimate. Our study suggests the impact will be l

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