Stansted gets £1.1bn investment to fund major expansion

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London Stansted Airport is to undergo a five-year, £1.1 billion investment programme that will enable it to increase passenger numbers by 30%.

it will include a £600m extension to the airport’s existing terminal, which will create a bright, spacious area, with more seating and new shops, bars and restaurants.

The development will mean the airport can serve up to 43 million passengers a year, create 5,000 new on-site jobs, and double its annual economic contribution to £2 billion. Stansted served 29.3 million passengers in the year to September 2024, the busiest 12-month period in the airport’s history.

The plans were announced at the Government’s International Investment Summit on Monday, although planning permission for the extension was secured last October.

Also included in the investment programme will be a bigger security hall with new equipment; an on-site solar farm; new and additional terminal and gate area seating; new wayfinding kiosk; more room at the gates for passengers who are waiting to board; refurbished toilets; flooring upgrades and seating in satellite two; a new bar area, and an upgrade to the airfield taxiway.

Stansted Managing Director Gareth Powell said: “Stansted is embarking on an exciting new chapter. We aim to add even more choice of airlines to continue growing our extensive route network.

“We are unique among major airports in operating a single terminal, which means we can give people a simple, efficient and seamless experience, which we know they value. These exciting plans mean we are able to retain all those benefits, while introducing an array of new facilities and giving us the space we need to grow.

“Since receiving planning permission last October, our teams have carefully considered every touch point of a passenger’s journey through the terminal to ensure the extension transforms the airport experience by adding more space, choice, comfort and range of services on offer, from check-in right through to arrivals. I believe we have successfully achieved this while maintaining the ease, simplicity and original design concept of our fantastic terminal building.

“This is a really exciting time for everyone connected with Stansted as we know we have a critical role to play in serving the future capacity needs of London. Our aim is to be the airport of choice for even more passengers and we’re confident our investment plans will boost our competitiveness within the London aviation market, as well as supporting economic growth, jobs and vital international connectivity for London and the East of England.”

Advantage Travel Partnership CEO Julia Lo Bue-Said said: ““The announcement of a £1.1 billion investment to expand Stansted Airport is an important boost for the UK’s outbound travel sector.

“This development will not only improve infrastructure and enhance passenger experience but also create thousands of jobs, stimulate the local economy, and strengthen the airport’s role as a key international gateway. The investment comes at a crucial time, supporting sustainable growth in air travel while integrating new technologies and eco-friendly practices. It’s a major step forward in reinforcing the UK’s position as a global hub for travel and trade.”

Other projects have already been completed or underway with Stansted’s airport partners, including a new EV charging forecourt and drive-thru restaurants, new Emirates business lounge and new baggage reclaim carousel.

The post Stansted gets £1.1bn investment to fund major expansion appeared first on Travel Gossip.

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