GATWICK DIAMOND INITIATIVE URGES INVESTMENT IN INFRASTRUCTURE

26 July 2010

The Gatwick Diamond Initiative is urging the government to secure investment to improve the major transport hub at Gatwick Airport Station.

The Gatwick Diamond Initiative is urging the government to secure investment to improve the major transport hub at Gatwick Airport Station.

The Joint Chairmen of the Gatwick Diamond Initiative, Paul Gresham, Senior Partner, KPMG Crawley and David Butcher, MD, FD Outsourcing Ltd, have co-signed a letter to The Right Honourable Philip Hammond MP, the Secretary of State for Transport, to bring to his attention the lack of investment in infrastructure in the Gatwick Diamond Region.

The Gatwick Diamond, centred on Gatwick and Crawley, is one of the leading economic sub regions in the South East. There has been growing concern by senior business leaders in recent years that the lack of investment in the infrastructure of this area was beginning to undermine the area’s competitiveness, especially when compared with similar locations across Europe. Of particular concern, is the need to secure investment to improve the major transport hub at Gatwick Airport Station. It is critical that this remains ‘fit for purpose’, able to satisfy the needs of the Diamond’s economy and the increasing number of passengers travelling through the Airport itself.

For a considerable period of time, businesses in this area have been campaigning for improvements to the Station to be undertaken as a matter of urgency. There have been some tough negotiations to try and reach an equitable settlement between Network Rail, Gatwick Airport (now under new ownership by Global Infrastructure Partners) and various local and regional authorities. Eventually, it was understood that the agreement had been reached between all the parties involved and the funding gap had been closed. All that remained was for a formal announcement of the agreed scheme.

This formal announcement has been delayed, pending the new Government’s review of public expenditure. The Gatwick Diamond Initiative is extremely concerned that this scheme, which business leaders have pressed for, with significant private investment and the potential for a major uplift to the Area’s economy, may now be delayed further or worse still – put at risk.

On behalf of the Gatwick Diamond business community, the Gatwick Diamond Initiative has emphasised just how important it considers this scheme to be and, by letter, has urged the Secretary of State for Transport to allow it to proceed as soon as possible.

 
Click Here to Upload An Event