London First was at the vanguard of making the case for both Crossrail and Crossrail 2.
Business backing was instrumental in getting the go-ahead for Crossrail and as we anticipate its opening, our focus today is on ensuring that the route for Crossrail 2 is safeguarded for future development. The scheme has the potential to develop 200,000 new homes across the region and support 60,000 new jobs across the UK supply-chain.
Although the pandemic has slowed the development of major future infrastructure schemes, it is important that they can be brought forward as soon as public finances improve.
- The future of London’s infrastructure cannot be allowed to stagnate and investments will be needed if active and sustainable travel targets are to be hit.
- These will include extensions to the tube, DLR, and Overground networks as well as the full electrification of London’s bus fleet and garages.
- All of this requires a sustainable funding settlement for Transport for London, as the capital prepares to Return and Recommit.
- We continue to support HS2, which will bring over £92 billion of benefits for the UK economy. We have worked with business groups in the North and the Midlands to jointly press government to commit to greater infrastructure across the UK.
- Here in the capital HS2 will be the catalyst for the regeneration of one of the last great central London opportunity areas: Euston.
