Crossrail 2: why we’re calling for it, what we’re doing about itApril 6, 2017
We have been championing investment in London’s infrastructure since London First was established in 1992. Having successfully campaigned for Crossrail’s go-ahead nearly a decade ago, we’re now leading the way for its much needed successor.
In the wake of Brexit, it’s more important than ever to ensure London is equipped to remain globally competitive, and Crossrail 2 will be a pivotal part of this. It will increase the capital’s rail capacity by 10 per cent, bringing an additional 270,000 people into central London each morning peak. By strengthening connectivity and opening up new areas it will also enable the delivery of the new homes London so badly needs.
With the recent submission to government of TfL’s business case for the scheme, Crossrail 2 is now at a crunch point. To keep Crossrail 2 firmly on the government’s agenda, we have helped secure the backing of over 70 business leaders, in a letter to the Chancellor and Transport Secretary. We have also helped co-ordinate a letter from over 60 of the capital’s housebuilders and property companies, highlighting how Crossrail 2 can address London’s deepening housing crisis.
As with Crossrail 1, well over half the cost of the project could be met by London itself, including from passengers, London taxpayers and business – through developer contributions and continuing with the existing Business Rate Supplement. Critically, while Crossrail 2 could be largely funded by London, a significant proportion of benefits would be felt outside, supporting UK growth as a whole.
We will continue to push for Crossrail 2 to give our capital this much-needed infrastructure boost.
If Britain wants to be Brexit-ready by 2019, the government must invest in vital infrastructure and housing.