Figures reveal additional Heathrow-Inverness air service worth £17m to Scottish economy

Heathrow

By Heathrow

Published 21st November 2018

Home > News > Figures reveal additional Heathrow-Inverness air service worth £17m to Scottish…

Home > News > Figures reveal additional Heathrow-Inverness air…

Newly released figures show latest Heathrow to Inverness service could boost Scottish economy by up to £17m.

  • Heathrow joins Inverness Airport and Scottish businesses to welcome British Airways’ new daily air service

  • The service will open more than 83,500 new seats to Inverness a year, helping more international passengers connect to the area and more Scottish businesses to trade with the world

Figures newly released reveal £17m is expected to be injected into the Scottish economy annually, as a result of a new Heathrow to Inverness air service introduced earlier this month (Source: Frontier Economics).

Heathrow, Inverness Airport and Scottish businesses have come together to welcome British Airways’ new daily flight, that will better connect the vibrant North with the UK’s only international hub airport.

The launch will see an additional 83,500 seats to Inverness a year and help more international passengers connect to the area, it’s people, tourism, exports and business. And it’s not just those visiting Scotland for its great food, music and Loch Ness Monster that will help boost economic growth estimated by Frontier.

Better connections to Heathrow gives Scottish businesses more opportunity to reach markets and trade with the world. Heathrow deals with 34% of all UK trade (by value) and last year handled 35,000 tonnes of salmon, a major Scottish export, worth £223m to UK economy.

Today, Heathrow supports domestic routes to four cities across Scotland: Inverness, Glasgow, Aberdeen and Edinburgh. As part of Heathrow expansion, the airport is working with Scottish airports and the Scottish Government to protect these routes and introduce up to 14 new domestic flights to UK cities, such as Dundee, with a £10m route development fund.

In January, Heathrow also increased its domestic passenger discount to £15 to support domestic services.

“As the UK’s front door, we’re are proud to promote Scotland to travellers from around the world who arrive to Heathrow on more than 80 airlines. Connecting passengers to the local economy and more Scottish businesses to the world, is vital, and Heathrow will continue to support all airlines in their efforts to boost regional links.”

– Heathrow CEO, John Holland-Kaye

Highlands and Islands Airports Managing Director Inglis Lyon, said, “Inverness Airport is the gateway to the Highlands and Islands and its continued success plays a significant role in supporting businesses and communities across the region and also allows visitors ready access to all that Scotland has to offer.”

“Connecting this to the UK’s front door will bring further benefits for industries such as tourism and business and Heathrow’s role in allowing trade with the rest of the world, cannot be underestimated.”

Heathrow also recognises the vital role SME’s play in keeping the UK an outward looking trading nation, and over the past two years have partnered with the Department for International Trade’s ‘Exporting is GREAT’ Campaign.

The campaign aims to help British businesses identify and reach new markets for their goods or services. The World of Opportunity programme has already awarded 40 SMEs with grants worth £80,000 to fund trade missions, trade shows and foreign market research. Last year’s winner from Grantown-on-Spey has also welcomed million pound boost to Scotland.

Andrew Lockerbie, CEO of Scottish based business BASI, said,“The sustainability of our business relies on international connections and, importantly, links between Inverness and Heathrow as a stepping stone to our crucial Chinese market.”

“SMEs like ours are aiming to show the world that the UK is open for business and we have been able to successfully do that through better connectivity to Heathrow and by using the airport’s World of Opportunity funding to grow our customer base in China. The announcement of more frequent links with Heathrow is good news for the Cairngorms, for Scotland and for all of the UK.”

Notes to Editors:

The estimated service value [£17] has been extrapolated from estimates by Frontier Economics.

  • The Frontier Economics table below is based on 7 flights (this focusing on departures from LHR – INV) per week last year = £8million in total spend on Heathrow to INV route.
  • Based on the number of times British Airways will run the service annually (per week: 16 Summer, 14 winter), this means 15 flights, on average, would occur each week. This would mean new spend figure = £17m per annum based on average 15 departures a week  [£8m x (15/7)]

Heathrow

By Heathrow

Published 21st November 2018