London Gatwick generates GBP5.5 billion for UK economy, over 76,000 jobs supported in 2023; UK investment event participation

London Gatwick generated GBP5.5 billion for the UK economy and supported over 76,000 jobs in 2023, the airport authority has claimed, quoting new research by Oxford-based economists Oxera.

According to the research, the majority of this economic activity took place in six local authority areas across the South East – West Sussex, East Sussex, Surrey, Kent, Brighton and Hove and Croydon.

The new data has been published as a landmark delegation from the region prepares to attend UKREiiF, an event to attract investment into UK regions. London Gatwick says that it is co-funding the delegation to ensure the region is represented – for the first time ever – and can connect with over 10,000 investment decision makers from across the globe.

Spearheaded by London Gatwick, the delegation will be facilitated in partnership with Gatwick Diamond Initiative and branded under Invest Gatwick Diamond. It brings together a coalition of county councils, local authorities and private sector affiliates from across Sussex, Surrey, Kent, and South London.

As part of the region’s representation, Alison Addy, London Gatwick Airport’s head of External Engagement and Policy, will take part in a panel discussion looking at how successful Airport Economic Zones (AEZs) across the world define, organise, and promote themselves.

Tim Norwood, chief planning and corporate affairs director, London Gatwick, said: ‘These figures show how well our recovery is going. It’s important however to remember they’re not just big numbers. They represent the livelihoods and incomes of tens of thousands of individuals, families and businesses across the region.

‘Together, the South East has a lot to offer investors from across the globe, but we cannot take our future economic growth for granted. Global competition for investment is fierce and I’m delighted we’re working with our partners to attract new business opportunities, trade and jobs into the region.’