Gatwick welcomes £202million growth deal for Coast to Capital region


Latest deal will deliver the infrastructure and support that enables the region’s businesses to compete internationally and capitalise on Gatwick Airport’s excellent links to global markets.

David Gauke MP, Exchequer Secretary to the Treasury, joined Coast to Capital LEP chairman Tim Wates, chief executive Ron Crank and Gatwick Airport CEO Stewart Wingate to announce the region’s £202million growth deal at Gatwick Airport today.

Gatwick CEO Stewart Wingate said: "This investment will encourage business growth and international trade throughout the region with a thriving Gatwick acting as the gateway to existing and emerging markets. This ambitious programme, together with Gatwick's compelling case for a second runway, will help local, regional and national business compete on the global stage."

See photo attached and further details at:

Left to Right for photo attached – Tim Wates, Chairman Coast to Capital; Stewart Wingate, CEO Gatwick Airport; David Gauke MP, Exchequer Secretary to the Treasury; Ron Crank, Chief Executive, Coast to Capital

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About Gatwick Airport

Gatwick Airport is the UK’s second largest airport and the most efficient single-runway airport in the world. It serves more than 200 destinations in 90 countries for more than 40 million passengers a year on short and long-haul point-to-point services. It is also a major economic driver for the South East region, generating around 21,000 on-airport jobs and a further 10,000 jobs through related activities. The airport is south of Central London with excellent public transport links, including the Gatwick Express, and is part of the Oyster contactless payment network. Gatwick Airport is owned by a group of international investment funds, of which Global Infrastructure Partners is the largest shareholder.

The Government has indicated it will make a decision this year on whether Gatwick airport should be expanded. Gatwick’s second runway will deliver the UK the same number of passengers, the same number of long haul routes, better UK and regional connections, and the economic boost the UK needs, all at a dramatically lower environmental impact, at less than half the cost of Heathrow, and with no public subsidy.

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David Gauke MP at Gatwick