Farnborough airport looks for feedback on growth plans
Farnborough Airport is asking for views from the local community on its long-term growth plans and the economic benefits this would bring.
As one of the largest employment sites in the local area, Farnborough Airport contributes £200 million to the local economy each year, supporting thousands of direct and indirect jobs.
Through a combination of market growth and limited airport capacity elsewhere, market demand for flights from Farnborough Airport is forecast to reach 70,000 per year by 2040. To meet this increasing demand and to safeguard the airport’s long-term future, Farnborough Airport will be holding a consultation process to seek feedback on proposals to amend its annual flight limit from 50,000 to 70,000 per year.
The proposals, alongside other operational changes, will enable Farnborough Airport to continue to be the catalyst for long-term economic prosperity in the region, supporting directly and indirectly 4,100 local jobs and generating £470 million of Gross Value Added by 2040.
The airport is proposing to increase the levels of funding for environmental and community projects in the local area, including the launch of a new Sustainability Fund.
Simon Geere, Chief Executive of Farnborough Airport, said: “By satisfying the growing demand for connectivity from Farnborough Airport, our proposals will create hundreds of new jobs within the local community and give a boost to the unique aerospace cluster that we are part of. This will be vitally important for the future economic prosperity of the region.
“At the same time, Farnborough Airport is leading the way on airport sustainability. We recently achieved Level 4+ Carbon Neutrality which is the highest possible accolade, and last year we set ourselves one of the most ambitious targets in the industry, by committing to be Net Zero across our controllable emissions by 2030 or sooner."
More information is available on the project website: FarnboroughAirport2040.com
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