Heathrow has set out plans to invest £2.3bn in the airport during the next two years.
The £2.3bn investment is an uplift of £244m on previously forecasted investments which will be used to enhance capabilities across all terminals, including baggage delivery and projects to support punctual departures and arrivals.
The investment programme will improve service, resilience, passenger experience and sustainability for all passengers at Heathrow.
Planned investments total £1.05bnin the airport’s infrastructure in 2025, and an additional £1.29bn to be invested in 2026
The investment will also create contract possibilities for. businesses and SMEs nationwide, both local to the airport and across the country.
Heathrow CEO Thomas Woldbye said: “Heathrow is the UK’s gateway to the world, and ultimately, the country’s gateway to growth.
“Today’s announcement confirms that we will continue to invest more than £1bn of private sector cash each year into the airport to deliver facilities our airlines and passengers want, while boosting the UK economy and creating opportunities for businesses up and down the country.”
The announcement comes as Heathrow’s Investment Impact Report outlines how the airport has made significant investments in the airport in 2024, reaching £1.1bn and benefiting more than 1,100 supply chain partners in the UK.
The £191m investment to upgrade security lanes over the course of 2024, for example, has ensured Heathrow is prepared for the increase in demand expected during the Christmas period.