This significant development opportunity comprises three sites surrounding or connected to Luton Airport: Century Park and adjacent land; Airport Business Park and adjacent land and Stirling Place.
Luton is currently undergoing a major transformation with more than £1.5 billion of private sector investment.
This significant development opportunity that the Enterprise zone comprises three sites surrounding or connected to Luton Airport: Century Park and adjacent land; Airport Business Park and adjacent land and Stirling Place.
The first phase of the work will see the construction of a new £100 million road infrastructure scheme linking Century Park through to junction 10 of the M1, and the development of a £200 million Mass Passenger Transport system which will connect Luton Airport Parkway railway station (22 minutes from London St Pancras International) direct to the airport terminal, together with supporting infrastructure at Stirling Place. Later phases of development at Stirling Place will provide the opportunity for commercial offices and retail.
Century Park provides the location for an ambitious, well-designed, high-quality, high-yield mixed-use development, incorporating business, commercial and light industrial units in a rural fringe setting, on the doorstep of the UK’s fifth largest airport, and within easy reach of excellent transport links to both London and the North. The two-hour-drive catchment of the site is 23 million people, exceeding that of London Heathrow.
Luton Airport is an important part of the aerospace industry in the UK. It is the 5th largest by passenger numbers, and the fastest growing airports in the UK. It already contributes around 9,400 direct jobs and £1.3 billion to the UK’s GDP per year and £648 million to the Treasury.
Luton Airport is currently undergoing an investment of £110 million which will transform standards of customer service for both passengers and air-related industries, and enable the airport to handle up to 18 million passengers per year. In 2015 the airport reported in excess of 12m passengers and are predicting a 15% growth for 2016. Alongside significant increase in commercial activity, Luton Airport is the leading airport for business aviation in the UK, and one of the top three in Europe. It is home to a number of key businesses leading this sector including Gulfstream, Harrods, Signature Flight Support and Landmark Aviation.
The success of Luton Airport acts as a catalyst for the economy of the region, currently contributing £2,000 per minute to the national economy. With the Airport and surrounding area designated as an Enterprise zone allows a reduced business rate to potential new businesses or also those businesses looking to grow/relocate.
Looking to invest, or just want to find out more? Visit the Luton Airport Enterprise Zone website here
- Advanced Manufacturing and Engineering
- Associated Leisure
- Hotel and Catering Businesses
Situated only 30 miles north of London, Luton has easy access to most major cities in the UK due to its excellent road, rail and air links and with the recent completion of the £31m Junction 10a road improvement scheme, the £90 million Luton Dunstable Guided Busway and the £26 million town centre transport scheme improvements, those connections are getting even better.
Find out more
Sinead McNamara, Business Manager, Luton Borough Council
Tel: 01582 546265