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Business support for Heathrow expansion
A survey of SEGRO plc customers has found overwhelming support for expansion at the UK’s only hub airport with 84% of those surveyed backing Heathrow over Gatwick.
The results of the independently-commissioned survey form part of SEGRO’s submission to the Airports Commission public consultation on whether additional capacity should be developed at Heathrow or Gatwick. The final decision is expected later this year after the general election.
Completed by 101 customers, who employ over 20,500 people, the survey established views on a range of issues including the importance of aviation expansion to businesses, how the different options might affect business growth and, ultimately, which option firms favour.
SEGRO has a joint venture with Aviva Investors, Airport Property Partnership (APP), which owns and manages air cargo facilities at Gatwick, Stansted and Heathrow airports, totalling about 4.1 million sq ft.
Together with SEGRO’s wholly-owned portfolio, this extends up to 19m sq ft of commercial space within 10 miles of Heathrow providing accommodation for customers from a wide range of industries and sectors.
SEGRO’s other key poll findings include:
• Heathrow expansion is good for local business: 96% of business leaders agree that airport expansion could be beneficial to businesses operating in the local area
• A third runway will increase business investment: 46% of customers (based around Heathrow) who were surveyed said that, if Heathrow expanded, they would grow their businesses. This is compared with only 13% of customers (also based at Heathrow) who would expand operations if
expansion took place at Gatwick.
• Businesses want to be near Heathrow: Close proximity to Heathrow airport is the key reason for being based where they are; with 60% of those surveyed saying it is why the business is based where it is.
• Local jobs are dependent on the airport: 64% of those surveyed said the majority or all of their employees are from the local area.
Commenting on the results of the poll, the chief executive of SEGRO David Sleath said: “Heathrow airport plays an important role in the UK’s economic success, but capacity constraints mean that our position as a leading trade and inward investment nation is under threat. For Britain to succeed in the global economy, we must expand Heathrow and this is a view shared by an overwhelming majority of our customers – 84% of those businesses taking part in our survey expressed a preference for Heathrow.
“It is absolutely vital that politicians understand the strength of feeling from the business community. 97% of our customers surveyed say that airport expansion is important for the long-term economic success of the UK. I therefore urge all parties to agree to take a decision on airport expansion as quickly as possible after Howard Davies submits his report.”
Louis Kunzig, managing director of manufacturer Sciaky and a SEGRO customer, explained the importance of Heathrow expansion to his business: “I support a third runway at Heathrow as it will mean that we can continue to export our equipment to customers all over the world to meet tight deadlines, giving us a crucial competitive advantage. Expansion would also ensure we can have direct routes to emerging markets where the majority of growth is now happening.”
Details:
www.segro.com THE BUSINESS MAGAZINE – THAMES VALLEY – APRIL 2015 Business owners confident
Uncertainty around the outcome of the General Election and instability in the eurozone is not denting the confidence of UK business owners.
A comprehensive new report, led by Thames Valley accountants Chantrey Vellacott, has revealed that the majority of owner- managed businesses (OMBs) are expecting their firms to perform better in 2015 than last year.
The report found that 68% of OMBs across the country expect 2015 to be better than 2014, with 21% expecting it to be much better.
Four in 10 businesses revealed they are planning to reduce costs this year – a 12% increase on last year. OMBs have typically been keeping a tight control of costs through the recession, so the results suggest this year’s focus is a response to rising wage pressures, with cost cuts needed elsewhere to allow for competitive salaries to retain staff.
The top priorities identified by business owners for the year ahead are expanding their customer base
in the UK (62%), investing in new technology and IT systems (44%) and launching new products or services (40%).
These priorities could change following the outcome of the General Election in May, which continues to create uncertainty. The biggest political concern is a potential increase in business rates (60%) and the potential restoration of the 50% band of income tax (53%).
At present, the risks causing business owners the most apprehension are doubts about the strength of the UK economy (49%), domestic competition (45%) and employee skills shortages (39%). Concerns about the economy are understandable, while record low inflation rates are good news for household budgets, the possibility of deflation, an ongoing problem in the eurozone, could still stifle growth.
Business founders and owners from all sectors contributed to the report.
Details:
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