Stansted’s Generation 1 application, to increase capacity on the existing runway to approximately 35 million, is essential in ensuring continued economic prosperity in the county.
23.5 million passengers use Stansted each year and nearly four million of whom are business travellers. Extra capacity is needed to ensure businesses can continue to access international markets.
The Generation 1 application will mean an estimated 1.5 million extra business passengers using Stansted compared to current figures[i]. An extra 750,000 foreign tourists[ii] will visit the region annually and over 3,000 extra jobs will be created by 2014[iii].
Commenting on the decision Tim Hutchings, Chief Executive of Hertfordshire Chamber said:
“This decision will hit the economy in Hertfordshire, constrain business growth and reduce our attractiveness to foreign investors. Many multinationals invest in Hertfordshire due to our proximity to international airports such as Stansted.
“I hope that BAA quickly appeal against this disappointing decision.”