Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Friday 17 March 2017 2:25 pm

South East business leaders urge government to commit to Crossrail 2 as a project of “national importance”

By: Rebecca Smith

Add as a preferred source on Google

Business leaders, including the bosses of Heathrow and Gatwick airports, have urged the government to make Crossrail 2 a priority and enable "rapid progress" on the project.

A group of more than 70 leaders from across the South East have written to chancellor Philip Hammond and transport secretary Chris Grayling, saying the infrastructure project is of "national importance".

"We need to get people to work," said the letter. 

"Now is the moment for government to find the parliamentary time and show the world UK is open for business post Brexit."

Read more: Mayor "disappointed" there was no Budget backing for Crossrail 2

The mayor of London, Sadiq Khan, who expressed disappointment at the lack of mention for Crossrail 2 in Hammond's Budget, said:

This is yet more evidence of just how important Crossrail 2 is to the UK.

Despite the project benefiting the whole of the UK, London has actually met half the funding cost. What we now need is for the government to take note of these benefits and give us the green light to progress, for the good of the entire country.

Crossrail 2 will connect National Rail networks in Surrey and Hertfordshire with an underground tunnel beneath central London between Wimbledon and Tottenham Hale and New Southgate.

Transport for London (TfL) has submitted an updated business case and funding plan to Chris Grayling and said the project will enable 270,000 more people to enter central London every morning at peak time.

A government spokesperson said: “We have now received the Strategic Outline Business Case from Transport for London and will carefully consider it to ensure it is robust and includes a fair, sustainable and deliverable funding plan.”

Proponents say its delivery will support the UK's engineering, construction and manufacturing sectors, including £1bn to the West Midlands economy, more than £900m to Yorkshire and Humber and up to £170m to the Scottish economy.

Read more: Kier keen for Crossrail 2 after revenue jumps 30 per cent

Grayling is due to make a decision in the spring on further government support. If it is given backing, construction could start in the early 2020s and the railway could be operational by 2033.

Business leaders have warned against delaying the project, saying the overcrowded rail network could stunt "growth across the entire nation".

One of the letter's signatories, London Chamber of Commerce and Industry (LCCI) chief executive Colin Stanbridge, said: “It is more important now than ever that not only does London continue to grow as global city, but that it is seen to do so.

“LCCI would like to see a firm commitment for Crossrail 2 which is vital for London, with its potential to secure 200,000 London based jobs, over 60,000 supply chain jobs across the UK, and tens of thousands of new homes."

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Transport & Infrastructure

Related Topics

  • London business

Trending Articles

  • James Watt offers to buy back Brewdog

  • Citroën 2CV returns as a £13,000 electric car, and the timing is no accident

  • Brewdog owner shrugs off James Watt takeover bid

  • Bank of England warns Burnham of UK economy’s ‘big issue’

  • Motsepe backed to succeed Fifa’s Infantino by South African minister

More from City PM

  • Labour defends Burnham’s ‘very powerful’ No 10 North plans

    Politics
    Houses of Parliament in Westminster showcasing historic architecture under a clear sky, central to UK government and politics
  • The world needs an answer on climate finance – it’s London

    Opinion
    Corporate philanthropy concept with diverse professionals collaborating on sustainable, long-term global health solutions
  • Hopes rise for decision on Heathrow’s third runway plan

    Transport & Infrastructure
    Heathrow boss Thomas Woldbye is expected to lay the groundwork for what is the largest private investment programme in Heathrow's history.
  • Economic benefit of Heathrow expansion slashed by 90 per cent

    Transport & Infrastructure
    Heathrow and several European airports are suffering from a cyber attack.
  • Let’s help London’s £53.5bn airport investment opportunity take off

    Opinion
    Commercial airplane flying in clear blue sky, representing aviation news and current trends in the airline industry.
  • Ministers open door to phased Heathrow third runway plan

    Aviation
    Heathrow Airport terminal bustling with travelers and staff, showcasing modern architecture and international flight activity
  • Upgrading the grid risks ending up like HS2

    Opinion
    Electricity grid infrastructure with high-voltage power lines and pylons under a clear sky, representing energy distribution.
  • Municipal bonds could revolutionise Britain – but there’s a catch

    Opinion
    Andy Burnham discussing Bee Network devolution plan with city skyline in background

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy · Facebook