New transport secretary, Chris Grayling, has approved expansion plans for London City Airport.
The £344 million investment – that is expected to support 1,600 new jobs and bring in up to £1.5 billion to the UK economy – will see the airport expand passenger numbers by over 2 million each year by 2025, compared with 4.3 million at the end of last year.
Initiatives will include a new taxiway, additional stands for larger aircraft and a larger terminal building that will see the airport handle an extra 35,000 flights.
Previously this proposal had been blocked by former Lord Mayor, Boris Johnson, but it got full support from new Lord Mayor of London, Sajid Javid.
Speaking about the approved plans, Chancellor Philip Hammond said: “London City Airport’s ambitious growth plans will boost international connections, strengthening the City of London’s links to destinations across the world, and send a clear signal that Britain is open for business.
“Making it easier to visit and do business in the City of London will help drive forward our economy and further strengthen the city’s status as the world’s leading financial centre.”