Glasgow Airport contributes £1.44 billion to Scottish economy
An economic study has revealed Glasgow Airport generates over £1.44 billion every year and supports more than 30,000 Scottish jobs.
Glasgow Airport, which served 9.7 million passengers last year, is predicted to welcome a staggering 17 million annual passengers by 2040 if it grows at the rate set out in its master plan.
If this is the case, it would contribute £2.54 billion and support more than 43,000 jobs every year by 2040 in line with current forecasts.
The study, carried out by economists York Aviation, emphasised Glasgow Airport’s crucial role as a gateway for global exports and imports. In fact, the airport handled over £3.5 billion in goods during 2017.
Mark Johnston, Glasgow Airport’s Managing Director, said: “This study confirms the huge economic benefits the airport generates for the city and Scotland each year. With a total annual economic impact of £1.44 billion supporting over 30,000 jobs nationwide, the findings are very encouraging and show that when Glasgow Airport succeeds Scotland shares the benefit.
“These findings are hugely significant and we want to continue to grow in a sustainable and responsible manner. We have invested more than £130 million in our facilities since 2011 and have a strategy in place through our Master Plan to put us on the path to becoming a 17-million passenger airport by 2040. By this point, the airport would also support a further 13,000 jobs and generate an additional £1.1 billion annually.
“We can’t do this on our own and it is imperative that through the ongoing support of our city and national partners we ensure Glasgow Airport continues to thrive and deliver for Scotland. To do this we also need to address the current constraints such as motorway congestion and delivering the planned rail link.”
Glasgow Airport’s 2040 master plan will be unveiled later this year.