Glasgow Airport adds over £1.44bn per annum to the Scottish economy and supports over 30,000 jobs, according to a new report published by economists York Aviation.
The report states that the airport will contribute £2.54bn (GVA) to the economy, support more than 43,000 jobs and handle nearly 17 million passengers per year by 2040 if it continues to grow as outlined in the master plan.
York Aviation also highlights Glasgow’s pivotal role as a gateway for exports and imports, with the airport managing more than £3.5bn in goods in 2017.
However, issues such as motorway congestion have had to be dealt with and the delivery of the planned rail link needs to be resolved for the airport to achieve its growth potential.
Glasgow Airport managing director Mark Johnston 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 £1.44bn 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 £130m 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.”
A new Advanced Manufacturing Innovation District (AMID) situated adjacent to the airport is expected to create up to 10,000 new jobs.
Two anchor tenants have so far been confirmed, including the £56m Medical Manufacturing Innovation Centre (MMIC) and the £65m National Manufacturing Institute for Scotland (NMIS).
Glasgow Chamber of Commerce chief executive Stuart Patrick said: “The results of this study further reinforce the view that Glasgow Airport is the west of Scotland’s most important transport hub and strengthens the case for it having a nationally-funded direct rail connection.”