Keeping London at the forefront of global business
working with and for the whole UK
Night tube boost to 24 hour economy
24 August 2017
London First celebrated the first anniversary of the night tube with a reception hosted by EY. It was the perfect opportunity to explore the success of the night tube and the wider impact it has had on London’s 24-hour economy.
Deputy Mayor Val Shawcross reflected on how important it is to take the opportunity to celebrate London’s success stories, particularly at a time of immense challenges. She confirmed that, contrary to initial sceptics, the night tube had “broken all forecasts a year on” delivering 7 million journeys.
EY’s latest data points to the economic benefits, with the night tube providing a boost of £170 million, supporting more than 3600 jobs.
Night Czar Amy Lamé joined the panel discussion, and shared some of the more personal stories of how the service has benefitted Londoners. She reiterated the night tube was not just there to serve revellers, but made a real difference to the quality of life of night-shift workers, with commutes being shaved by up to 20 minutes.
London First has been working closely with EY on their #24London campaign, to promote the vital role the night-time economy plays. See the latest stats following the night tube’s first year, and the original report on the 24 hour economy.
As we look ahead, the challenge is to build on the night tube’s success, and to make London a truly 24-hour city. This means tackling head-on the issues around the night time economy, with a clear strategy for licensing and planning; freight and road use; and noise and other concerns of residents.
Become a member
Our members include over 200 of the capital’s leading employers across a wide range of sectors, with a common commitment to our capital.