Keeping our capital working for the UK

Print this page

Business backing for Crossrail 2 as Mayor launches new Growth Commission

Over 50 of London’s business leaders signed a letter to The Times, calling for George Osborne to back Crossrail 2 in his upcoming Comprehensive Spending Review.

The letter, organised by London First, welcomes the Chancellor’s recent commitments to provide essential investment in the capital’s infrastructure. But it warns that this will not be enough. It notes that Crossrail 2 will unlock land for up to 200,000 new homes, and create jobs to match, adding up to £7.9 billion a year to London’s economy, while also promoting growth nationally.

The letter was published as the Mayor briefed London First members on the need for Crossrail 2 in a speech at Bloomberg. The Mayor also announced plans for a new Crossrail 2 Growth Commission, chaired by Sir Merrick Cockell, a former Chairman of the Local Government Association and London Councils.

The Commission will help maximize the benefit of the new railway by bringing together London boroughs, county councils outside London and business stakeholders so that the new line reaches its potential for increasing housing and jobs.

For more details contact: David Leam, dleam@londonfirst.co.uk

The full letter and list of signatories is below:

Sir,

We welcome the chancellor’s long-term economic plan for London, and its commitment to provide essential investment for the modernisation of Tube, rail, bus and road networks. But with London set to grow rapidly, these improvements alone will not be enough.

Now that Crossrail, Europe’s largest engineering project, is nearing completion, on time and to budget, we must rapidly move forward with Crossrail 2. It will unlock land for up to 200,000 new homes, with a matching number of new jobs, adding up to £7.9 billion a year to London’s economy and promoting growth nationally.

We were encouraged by the government’s past commitment to push forward with Crossrail 2 and the chancellor’s call to “get the idea off the page and into construction”. We urge him to use the comprehensive spending review to provide the development funding necessary to design Crossrail 2 so that trains can start running by 2030.

Sir Win Bischoff
Richard Boggis-Rolfe, Chairman, Odgers Berndtson
Karen Boswell, Managing Director, Hitachi Rail Europe
Rob Bould, Chief Excutive, Bilfinger GVA
Hugh Bullock, Chairman, Gerald Eve
John Burns, CEO, Derwent
Tom Cartledge, Global Director – Operations and Commercial, Benoy
Pat Carvalho, Vice Principal, Harrow College
Victor Chavez, CEO, Thales UK
Vincent Clancy, CEO, Turner & Townsend
Simon Collins, UK Chairman and Senior Partner, KPMG
Jason Cotterrell, Managing Director, Exterion Media
Donna-Marie Cullen, Executive Director, Tottenham Hotspur FC
Prof Paul Curran, Vice Chancellor, City University
Lord Mervyn Davies, Chairman, Chime Communications
Gavin Devine, CEO, MHP Communications
Richard Dickinson, Chief Executive, New West End Company
James Fennell, Managing Director, Nathaniel Lichfield & Partners
Andy Forbes, Principal, College of Haringey, Enfield and North East London
Julian Gatward, Managing Director, Taylor Woodrow
Paul Hanafin, Director, Royal HaskoningDHV
Andrew Harrison, Managing Director, London Stansted Airport
Justin Hobday, Managing Director, Carmichael Fisher
Rob Holden, Chairman, HS1 Ltd
Stephen Hubbard, Chairman, CBRE
Sir George Iacobescu, Chairman & CEO, Canary Wharf Group
Maxwell James, Chief Executive, Quintain
Gerald Kaye, Development Director, Helical Bar
George Kessler, Joint Deputy Chairman, Kesslers
Ian Liddell, UK Head of Development, WSP | Parsons Brinckerhoff
Tass Mavrogordato, Chief Executive, Inmidtown BID
John Morgan, Chief Executive, Morgan Sindall Group
David Morley, Senior Partner, Allen & Overy
Andrew Murphy, Retail Director, John Lewis Department Stores
Steve Norris, Chairman, Soho Estates
Chris Osborne, Co-Chairman, FTI Consulting
Harold Paisner, Senior Partner Emeritus, Berwin Leighton Paisner
David Partridge, Managing Partner, Argent
Nicolas Petrovic, CEO, Eurostar
Anthony Pidgley CBE, Chairman, Berkeley Group
Simon Pitkeathley, CEO, Camden Town Unlimited BID
Jonny Popper, Managing Director, London Communications Agency
Sarah Porter, Chief Executive, Heart of London BID
Mark Reynolds, Chief Executive, Mace
Jamie Ritblat, Chairman and Chief Executive, Delancey
Bob Rothenburg, Senior Partner, Blick Rothenburg
James Rowntree Managing Director, Transportation (Europe), CH2M
Hugh Seaborn, CEO, Cadogan Estate
Peter Shaw, Global Board Director, Aedas
Colin Stanbridge, CEO, London Chamber of Commerce and Industry
Sue Terpilowski OBE, London Policy Chairman, Federation of Small Businesses
Rob Tincknell, CEO, Battersea Power Station Development Company
Baroness Jo Valentine, CEO, London First
Daniel Van Gelder, Chairman, Westminster Property Association
Peter Vernon, Chief Executive, Grosvenor
Matthew Weiner, Chief Executive, Development Securities
Tom Welton, Director, Shaftesbury
Stewart Wingate, CEO, Gatwick Airport

London First Tweets