A study published yesterday reveals that business aviation flights from Farnborough Airport contribute £1.9 billion of gross value added (GVA) to the UK economy every year. The CBI Economics study, which included a comprehensive survey of UK businesses, found that approximately 80% of the flying activity from Farnborough Airport related either directly or indirectly to supporting UK business and inward investment.
“‘These latest findings from CBI Economics support what we have been saying for some time—that the role of business aviation in driving inward investment and creating economic opportunity within the UK is both significant and demonstrable. Farnborough Airport in particular, with its well-invested infrastructure and available runway capacity, has a critical role to play in supporting economic growth going forward, both at a local level and also across the wider UK,” said airport CEO Simon Geere.
“With Farnborough Airport serving smaller [and] lighter aircraft, our environmental footprint is a fraction of that of a traditional commercial passenger airport, yet our economic output relative to our size is completely unsurpassed. We are hugely proud of the local and national economic success story which Farnborough Airport has clearly become.”
The report asserts that, based upon the survey findings and supporting analysis, flights from Farnborough Airport are predominantly of high economic impact, time-sensitive in nature, and essential in purpose.