Keeping our capital working for the UK

Print this page

Businesses signed up for Crossrail 2

Over 50 of London’s business leaders have signed a letter in The Times, calling for Chancellor 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 warns this will not be enough.

It notes that Crossrail 2 will unlock land for up to 200,000 new homes, and jobs to match, adding up to £7.9 billion per annum to London’s GVA and growing the national economy.

The new line would run underground between Wimbledon and Tottenham Hale and New Southgate, connecting with existing National Rail networks in Surrey and Hertfordshire.

London First has led the private sector campaign for Crossrail 2. Our work on the project includes:

  • Funding Crossrail 2, an in-depth study that showed how the scheme could be funded while meeting the key Treasury demand that only half the cost be borne by central government. The study found that by combining funding from passengers, property developers, Network Rail, London businesses and residents, that key challenge for green-lighting Crossrail 2 can be met.
  • Crossrail 2: Supporting London’s Growth, which contained the findings of London First’s Crossrail 2 task force, chaired by former Transport Secretary, Lord Adonis. It recommended a major new rail link connecting south-west and north-east London, via a tunnel beneath central London.

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, 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