Heathrow Airport is set to come up with a procurement strategy, a week after the Airports Commission recommended it for the construction of a third runway.

The airport said that the recommendation was a clear indication that it will now have a third runway as part of expansion of the UKs aviation capacity, and hence was getting ready to create a comprehensive procurement plan for the £15.6bn private investment.

Heathrow CEO John Holland-Kaye said that the plan would concentrate on the development of skills, job creation and growth encouragement across the country.

With expansion, we will create tens of thousands of skilled jobs while we build, as well as when we have built – skills that will leave a legacy of construction excellence in this country that can be sold all round the world.

"We’re delighted to be working with the team at Heathrow."

"When we built Terminal 2, on time and on budget, we spread our supply chain to all parts of the UK, and we will do the same again, ensuring that all of Britain benefits from Heathrow expansion."

The airport will soon create a procurement forum that would ensure that the strategy laid down by the airport is delivered on time and within the budget.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In its recommendation, the commission said that the airport’s expansion is likely to create more than 70,000 new jobs by 2050.

UK Federation of Small Businesses Policy director Mike Cherry said: "Airport expansion is a tremendous opportunity for small firms across the UK to grow their businesses and help deliver significant much-needed infrastructure.

"We’re delighted to be working with the team at Heathrow, and will join its Procurement Forum to ensure that smaller firms get equal opportunity of access in the supply chain to deliver a project of this scale and importance."

Image: The new procurement plan will focus on the development of skills, job creation and growth encouragement across the country. Photo: courtesy of LHR Airports.