MAG response to the Chancellor's announcement - 29 January 2025

A MAG spokesperson said: "MAG welcomes the Chancellor's recognition of the pivotal role airports have to play in kick-starting the economy and raising living standards across the UK. Her positive approach to planning is good news and reflects the urgency of her growth mission.  

"As an island trading nation, we need ever better connections with the world and thriving airports in all parts of the country. That means backing our aviation sector while helping it achieve its net zero targets. 

“We can start by maximising the potential of existing runways across the UK.  At MAG, we plan to invest £2.5bn in Manchester, London Stansted and East Midlands over the next five years – the largest private investment in transport infrastructure outside the M25. That will create jobs, drive trade and attract immediate inward investment in the North, South and Midlands. 

“A prime example is our partnership with Prologis at East Midlands Airport. It will unlock £1bn of further investment and attract global advanced manufacturing and logistics businesses to the region, creating up to 2,000 jobs.

"We need a policy environment that encourages private investment in airports and will work with Government to ensure we all maximise the contribution aviation makes to its economic vision for everyone in the UK."

ENDS