Why business supports Crossrail
There is widespread support for Crossrail amongst leading UK businesses and business organisations such as the CBI, London Chamber of Commerce and Industry and London First; and among many top companies. Business supports Crossrail because it recognises the benefits it will bring, its importance to UK plc, and the key role it will play in securing future national economic growth.
Crossrail will connect up some of the most productive parts of the UK economy, help sustain London as a centre of global finance and a world city, and generate at least £36bn of agglomoration benefits. In the long term it pays for itself.
Stephen Green, Chairman
HSBC Group
As a leading international financial services centre and one of the world's great cities, London deserves a modern, world class transport infrastructure for the purposes of business and visitors alike. Crossrail represents a much needed east-west London link and will afford substantial investment and regeneration for communities in east London. It will help keep the capital connected and competitive.
Baroness Valentine, CEO
London First
London First, on behalf of business and commuters, has pressed for Crossrail for over a decade. [Crossrail will] relieve rush hour misery for millions of Londoners and unlock new growth. London and the UK need Crossrail to maintain attractiveness to overseas investors looking to locate their HQs.
Mervyn Davies, Non-Executive Chair
Standard Chartered plc and Chair, Business Council of Britain
I am delighted that the Government, the Mayor and the business community have all recognised that Crossrail is a priority if the competitiveness of the UK's financial services industry is to be maintained.
Richard Lambert, Director-General
CBI
Businesses know the value of investing in transport infrastructure. London relies on its transport links and it is vital that this advantage is not thrown away when we are competing with cities across the world. That is why Crossrail is so important.
Philip Yea, Chief Executive, 3i
London's transport infrastructure is essential to continue to attract international business to the UK and to keep London competitive. Crossrail will significantly improve the links from the City of London, Canary Wharf and Heathrow and we need it open as soon as we can.
Martin Gilbert, Chief Executive, Aberdeen Asset Management
In a globalised world, the UKs transport infrastructure is essential to continue to attract international business to the UK and to keep the UK competitive. Crossrail will significantly improve the links from the City of London, Canary Wharf and Heathrow.
David Thomlinson, Managing Director, Accenture UK
To maintain London's pre-eminence as a global financial hub going forward we must invest in London's transport infrastructure. Crossrail will link up the four powerhouses of the UK economy i.e. the City; Canary Wharf; West End; and Heathrow. It is the only show in town and we need it up and running asap.
Rupert Soames, Chief Executive, Aggreko plc
I support the Campaign for Crossrail because Crossrail will aid UK competitiveness, improve the quality of life in the UK and regenerate deprived parts of London and the South East.
David Martin, Chief Executive, Arriva
As London's biggest bus company we realise the incredible promise of Crossrail for regenerating the capital and improving people's quality of life. Crossrail is more than just a step-change in London's integrated transport infrastructure. It will underpin the growth of London's economy to the benefit of the whole of the UK.
Andrew Moss, Group Chief Executive, Aviva plc
As a leading international savings, investment and insurance group, Aviva operates in an increasingly globalised world. Our Capital needs a state of the art transport infrastructure which reflects the modern world we live and work in. Crossrail will significantly improve the links between the City of London, Canary Wharf and Heathrow and provide fast and direct access to the rest of the world.
John Varley, Chief Executive, Barclays Plc
Improving London's transport infrastructure is long overdue. Crossrail will improve access to the City and Canary Wharf, and make a major contribution to the Government's ambition to strengthen London's position as the key financial centre of the 21st century.
Stephen Nelson, President Greenwich, Bexley and Lewisham Chamber of Commerce
The Select Committee’s decision, which the Government accepted, to re-instate a station at Woolwich to the Crossrail proposal is a great boost to local business and workforce alike. The realisation of the Crossrail scheme – including a station at Woolwich – will be the final link in a unique transport hub and a vital catalyst to the successful regeneration of an area in great need.
Lee Amaitis, Chairman and Chief Executive Officer, BGC Partners
We at BGC fully support the Campaign for Crossrail and as an international brokerage headquartered in London, recognise the benefits it will bring to the capital. We look forward to an enhanced infrastructure that will facilitate further growth and development in what has become one of the leading financial centres in the world.
Bob Rothenberg, Senior Partner, Blick Rothenberg Chartered Accountants
Blick Rothenberg Chartered Accountants want Crossrail because Crossrail will aid competitiveness, aid growth in the accountancy sector, improve the quality of life and regenerate deprived parts of London.
Dane Douetil, Group Chief Executive, BRIT Insurance Ltd
My support Campaign for Crossrail is based upon the fact that once built it will aid UK competitiveness and growth in the insurance sector, improve the quality of life of Londoners and regenerate London.
Sir Rod Eddington, Author: "Transport's Role in Sustaining the UK's Productivity and Competitiveness" a report for HM Treasury and Department for Transport on UK transport infrastructure post 2015. CEO, British Airways 2000 to 2005 and currently Director, News Corporation
Although Crossrail's cost is substantial, there is a business case for it and ... if it … not delivered, London's congestion would get worse.
Willie Walsh, Chief Executive, British Airways plc
BA has long argued for broadening the Heathrow rail network by addition to the Express services. I am confident the way Crossrail is being developed will complement the building of AirTrack into Heathrow to the benefit of our passengers and our staff.
Martin Broughton, Chairman, British Airways plc and President, CBI
The quality of our transport infrastructure is undermining the competitiveness of our economy. And public policy has played a part. We must tackle a generation of under-investment in roads and other infrastructure. Building Crossrail will mean London can better compete with its European rivals and the emerging giants China and India.
David Frost, Director-General, British Chambers of Commerce
Business wants to see important projects like Crossrail built as soon as possible.
Stephen Hester, Chief Executive, British Land plc
Crossrail is important to the future of London. It will ensure the continued regeneration and development of the Capital - the key motor in the UK economy.
Clive Ansell, Group Strategy Director, BT Group plc
Modern infrastructure is vital for a competitive and dynamic UK economy - whether it be communications or transport networks. Crossrail is the transport priority.
Sir John Sunderland, Cadbury Schweppes plc and President, CBI from 2005 to 2006
An efficient UK transport infrastructure is essential in continuing to attract international business to the UK. Crossrail will significantly improve movement between the City of London, Canary Wharf and Heathrow.
George Iacobescu, Chief Executive, Canary Wharf Group
Crossrail is an important project which will help deliver regeneration in East London and the Thames Gateway. It will help improve London's competitive position in the world and bring direct and indirect benefits to the whole UK economy.
Mark Porter, Chief Executive Officer, Capgemini UK & Ireland
Linking the City of London to the West End, where Capgemini's London office is located, to Heathrow will not only strengthen London's status as a major international transport hub but also help to underpin growth and prosperity in the UK - an ambition closely aligned to Capgemini's values and ideals.
Martin Samworth, UK Managing Director, CB Richard Ellis
I support the Campaign for Crossrail because Crossrail is probably the most important domestic rail infrastructure proposal for London. It will, for the first time, allow existing suburban rail services to run from east to west through London, supporting rapid increases in passenger flows and benefiting key areas such as Paddington, Canary Wharf, Stratford, the City Fringe and the Heathrow/Hayes area. Simply, it is pivotal to protecting and enhancing London's status as a world financial centre.
Nigel Bourne, Director, CBI London
Businesses know the value of investing in transport infrastructure. London relies on its transport links and it is vital that this advantage is not thrown away when we are competing with cities across the world. That is why Crossrail is so important.
Roger Carr, Chairman, Centrica plc
Crossrail is an essential element of providing a world-leading business centre with modern infrastructure support. It is key to sustaining the Capital’s competitiveness.
Sir Win Bischoff, Chairman, Citi
Job creation in east London is dependent on accessibility. Global competitiveness requires quick and easy transportation. For businesses, large and small, Crossrail is the missing link.
Anthony Nelson, Vice Chairman, Citi
Job creation in east London is dependent on accessibility. Global competitiveness requires quick and easy transportation. For businesses, large and small, Crossrail is the missing link.
Stuart Popham, Senior Partner, Clifford Chance
An important factor in our choosing Canary Wharf for Clifford Chance’s world headquarters was its excellent transport links. Crossrail will add essential transport capacity to sustain further employment growth to the benefit of the whole of the UK.
Johnny Cameron, Chief Executive, Corporate Markets, RBS
In a globalised world, the UK's transport infrastructure is essential to continue to attract international business to the UK and keep the UK competitive. Crossrail will significantly improve the links from the City of London, Canary Wharf and Heathrow and we hope that it is pursued as a real priority.
Philippe Varin, CEO, Corus
I support the Campaign for Crossrail because Crossrail will aid growth in the UK economy, improve the quality of life in London and regenerate deprived parts of London.
Michael Philipp, Chief Executive Officer, Credit Suisse
One element essential to London's continued success is a modern infrastructure. Not only will Crossrail contribute significantly to this, but it will also stimulate regeneration and help the environment through increasing access to public transport.
Gary Walker, Director, Data Connection
I support the Campaign for Crossrail because as an active businessman in Enfield and heavily involved in business led regeneration, Crossrail is a vital element of the required London infrastructure.
Lord Aldington, Chairman, Deutsche Bank London
In a global marketplace, the UK’s transport infrastructure is essential to continue to attract international business. Crossrail will significantly improve the links from the City of London and Heathrow and we need it open by the middle of the next decade at the latest.
Michael Marx, Chief Executive, Development Securities
Businesses are widely in favour of the [Crossrail] project. Britain deserves a first class transport infrastructure and Crossrail is a vital part of that jigsaw.
Rt Hon Lord Walker of Worcester MBE PC, Vice Chairman, Dresdner Kleinwort
We have recently moved to magnificent new offices in the very heart of the City of London. We have an international clientele throughout Europe, throughout the Americas and throughout Asia. The only difficulty our clients have is to reach our offices once they have travelled to the United Kingdom. The delays at Heathrow are notorious. The problems of getting from Heathrow to the City of London are a further barrier. It is vital the Crossrail project is completed as quickly as possible.
Robert Peto, Chair, DTZ
I support the Campaign for Crossrail and want Crossrail built as soon as possible because it will ensure the long term economic health of London as a world financial centre and so by implication is the economic well-being of the UK as a whole.
Vincent de Rivaz, CEO, EdF Energy
As London’s energy company, EDF Energy believes that Crossrail is vital to the continuing success of London as a world class city. Investment in new sustainable public transport infrastructure for the capital is essential to reduce carbon emissions.
Cornelius Medvei, Managing Partner, Eversheds
Crossrail is key to London continuing as a global financial and cultural city with all the huge benefits that brings to the UK economy and London's quality of life. It also enables vital regeneration of London’s deprived areas.
Sir Adrian Montague, Chair, Friends Provident plc and British Energy plc
Crossrail is hugely important. The whole of central London is suffocating. Unless we improve its transport links, we will see an erosion of the City's unique franchise. And, of course, it has now come to be recognised that London isn't just important for the South East but is the motor of the nation's economy as a whole. Therefore, Crossrail is vital.
Mark Makepeace, Chief Executive, FTSE Group
FTSE, along with the rest of the financial sector, operates on a global basis. In order to remain competitive, we need an effective transport infrastructure which links Heathrow, the City and Canary Wharf. FTSE strongly supports the introduction of Crossrail and the benefits it will bring to both the financial services industry and UK plc alike.
Ralph Bernard, Chief Executive, GCap Media plc
In a globalised world, the UK’s transport infrastructure is essential to continue to attract international business to the UK. Crossrail will significantly improve the links from the City of London, Canary Wharf and Heathrow and we need it open by the middle of the next decade.
Keith Ludeman, Group Chief Executive of the, Go-Ahead Group plc
We very much support the Campaign for Crossrail and want Crossrail built as soon as possible. The Go-Ahead Group plc is the major commuter operator to London with its South Eastern and Southern Railways through its subsidiary Govia (which is a partnership with Keolis - a French company backed by SNCF the French state rail company). Go-Ahead also operates a significant share of the London bus market with its London General, London Central and Metrobus companies. Our air handling and parking services operated through our Aviance and Meteor companies respectively also provide necessary services for visitors to London from many major London airports. We believe that Crossrail will support the competitiveness and regeneration of London as one of the world's leading capital cities.
John Richards, Chief Executive, Hammerson
Hammerson supports the Campaign for Crossrail and wants it built soonest because up and running Crossrail will help keep the UK competitive, aid growth in the property and retail sectors, improve the quality of life in London and help regenerate deprived parts of the capital too.
Michael Geoghegan, CEO, HSBC Group
As a leading international financial services centre and one of the world's great cities, London deserves a modern, world class transport infrastructure for the purposes of business and visitors alike. Crossrail represents a much needed east-west London link and will afford substantial investment and regeneration for communities in east London. It will help keep the capital connected and competitive.
Dinos Kyrou, Hyder Consulting PLC
I want Crossrail because it will aid competitiveness, aid growth in the engineering consultancy sector, improve the quality of life in London and the UK, regenerate key parts of London. I support the Campaign for Crossrail because Crossrail will make London truly the finest city in the world.
Gareth Davis, Chief Executive, Imperial Tobacco plc
For UK businesses to continue to be competitive, it is vital that the transport infrastructure is invested in. Crossrail is a vital scheme.
Miles Templeman, Director-General, Institute of Directors (IoD)
Good local, national and international transport links are an essential pre-requisite for a thriving economy, and it is crucial that investment in vital transport projects – like Crossrail – can be delivered without delay.
Tony Alt, Chairman, Investment Banking, Rothschild
In a globalised world, the UK’s transport infrastructure is essential to continue to attract international business to the UK. Crossrail will significantly improve the links from the City of London, Canary Wharf and Heathrow and we need it open by the middle of the next decade at the latest.
Alastair Hughes,, CEO, Jones Lang LaSalle
In a globalised world, the UK’s transport infrastructure is essential to continue to attract international business to the UK. Crossrail will significantly improve the links from the City of London, Canary Wharf and Heathrow.
Michael Rake, Chairman, KPMG International and Chairman, BT plc
In a globalised world, the UK's transport infrastructure is essential to continue to attract international business to the UK.
Francis Salway, Chief Executive, Land Securities
London's status as a world city and its essential contribution to the economic success of the UK are at risk if we do not adequately plan for the City’s future. Creating a transport system able to cope with the demands of a dynamic, growing city requires immediate and strategic investment. Crossrail offers us the only real opportunity to meet these demands.
Jeremy Isaacs, CEO - Europe & Asia, Lehman Brothers
The Crossrail project underpins the case for the success of London as one of the world's economic capitals. It will aid the UK's and London's sustainability in the global competitive market place by helping in continuing to attract business and talent to the City. As a global investment bank with its European headquarters based in Canary Wharf, we wholeheartedly endorse this project for the reasons mentioned and because our clients and other stakeholders will also benefit. In particular, I am convinced that it will breathe renewed life into some of London's deprived areas.
Andre Villeneuve, Chairman, LIFFE
More vigorous development of the UKs transport infrastructure is essential to continue to attract international business to the UK and to keep the UK competitive. Crossrail will significantly improve the links from the City of London, Canary Wharf and Heathrow and we need it open as soon as possible.
Lord Levene of Portsoken, Chairman, Lloyd's of London
We have an enormous advantage in London by virtue of our language and our geography. English is now the internationally accepted lingua franca for business from Beijing to Buenos Aires. Our geographical position enables us to trade with the Far East in the morning and with the United States in the afternoon. This is a huge advantage. It is recognised by the concentration of global financial services here in London, where they feel both welcome and comfortable. But we must do everything possible to maintain that position and to improve it... Crossrail is absolutely essential.
Guy Warren, CEO, LogicaCMG UK
As a leading supplier of IT services and consultancy to the transport industry, and as a UK-headquartered company employing 2000 people across the Crossrail region, LogicaCMG would like to voice its support of Crossrail. We believe that, as an infrastructure project, it will be hugely beneficial for businesses and the general public, and that it will maintain London's status as a leading World City in the eyes of both visitors to the capital and the global business community.
Colin Stanbridge, Chief Executive, London Chamber of Commerce and Industry (LCCI)
Crossrail has always been a firm priority for us because, as the engine of the UK economy, London's competitive edge must not be undermined by a failure to keep the capital moving. But this decision is not just a victory for London but for the UK transport system as a whole. What also has to be fully recognised is that without the substantial contributions from the City of London Corporation and the private sector, we would not have reached this momentous position today.
Harvey McGrath, Chairman, London First and Non-Executive, Man Group plc
By building Crossrail the world will sit up and take notice that London is at long last addressing its public transport capacity issue - opening the door to more investment and more jobs. Crossrail will be the catalyst for hundreds of thousands of new homes and jobs in one of the most deprived areas of the UK.
Alan Yarrow, Chairman , London Investment Banking Association (LIBA) and Vice Chairman Dresdner Kleinwort
Our transport infrastructure is one of the essential ingredients for UK competitiveness in a globalised world and impacts our ability to continue to attract international business to the UK and, in London specifically, the City's importance as a pre-eminent financial centre. Crossrail will significantly improve the links from the City of London and Canary Wharf to the outside world.
Martin Abbott, Chief Executive, London Metal Exchange
The London Metal Exchange is a global exchange based in London. For it to remain the Exchange of choice for its risk management services to industry, London must provide a world class transport infrastructure. Crossrail is an essential part of that infrastructure for the future.
Bob White, Chair, Mace
I support the Campaign for Crossrail, because Crossrail will improve the quality of life in the capital and regenerate London.
Bob Wigley, Chair, Europe Middle East and Africa, Merrill Lynch
We have always said that London having a modern transport infrastructure enabling clients and colleagues to cross London into the financial community efficiently is crucial to maintaining London's international competitiveness. So we welcome Crossrail.
Jonathan Chenevix-Trench, Chair, Morgan Stanley International Limited
Morgan Stanley is an investment bank with global operations with its European HQ based in London. Crossrail will make a material difference to the efficiency of businesses based in the Canary Wharf area, particularly in terms of the link it will provide to Heathrow Airport.
Jane Smith, Corporate Affairs Manager, National Grid plc
The National Grid supports the aims of Crossrail and is working closely with the Crossrail team to assess and minimise the impact of the route on our underground gas distribution and electricity transmission apparatus, and where appropriate to plan for the cost-effective and timely diversion of apparatus whilst maintaining London's energy supplies.
Gary Reeves, CEO, New West End Company
New West End Company is supportive of Crossrail. The project will significantly enhance the transport infrastructure across the West End.
Sir Gulam Noon MBE, Chairman and Managing Director, Noon Products Ltd
I support the Campaign for Crossrail because Crossrail will aid growth in the UK food and hospitality sector, improve the quality of life in London and help regenerate deprived parts of London.
David Stroll, CEO, One-Sigma
We at One-Sigma help public sector organisations improve their performance and manage change and have been working for some years with Donegal County Council in the Irish Republic. Crossrail will help future customers by reducing the time and stress of travel for those meetings which must be held face to face. Crossrail will also aid UK competitiveness, aid growth in my sector, improve the quality of life in London and the UK and help regenerate deprived parts London.
Robert Johnson, Head of Business Development, Onyvax Limited
I support the Campaign for Crossrail and want Crossrail because London needs it; both from a resident perspective and a business development perspective. Crossrail will aid UK competitiveness; aid growth in the biotech sector; improve the quality of life in London and help regenerate London.
Kieran Poynter, Chairman, PwC
I want Crossrail because it will make London more efficient and thus more competitive and it should be good for the environment too.
Geoffrey Riesel, Chair, Radio Taxis Group Ltd
UK PLC and London PLC must have improvements to the transport infrastructure if we are to increase our attractiveness to investment from both here in the UK and from overseas. My industry is one small part of the infrastructure, but the whole cannot function efficiently unless a cross London rail link is established.
Alan Davidson, Head of Corporate Communications, Reed in Partnership
Crossrail will aid competitiveness, aid growth in the employment and training sector. It will also improve quality of life of Londoners and visitors, and regenerate London. I therefore support the Campaign for Crossrail because a modern city needs a modern infrastructure. Crossrail will make Londoners mobile.
Roger Squire, Managing Director, Roger Squire Consultancy and Director, Neptune Land Ltd & Director, Metropolitan Living Ltd
I support the Campaign for Crossrail because Crossrail will aid growth in the London / UK property and land development sector.
David Elliott, Chief Executive, Royal Albert Hall
I support the Campaign for Crossrail because Crossrail will improve the quality of life in the UK and regenerate deprived parts of London - particularly in East London.
Hugh Seaborn, Chief Executive, The Portman Estate
London needs Crossrail to bolster the creaking transport infrastructure, to ensure that it continues to be a place where people want to live, work and play which will protect its position as a truly international city which makes a major contribution to the UK economy.
Michael Charlton, Chief Executive, Think London
Crossrail is a significant means to increase London’s competitiveness as one of the worlds top business locations, as the pace of globalisation continues. Today, half a million people work in foreign-owned firms in London - this is 13% of all jobs in the capital. By realising Crossrail in the near future, government will take a significant step towards ensuring foreign investments and jobs are secured and find further room to grow.
Sarah Lovett, Corporate Responsibility and Community Affairs, UBS
UBS supports the Campaign for Crossrail because Crossrail will help to regenerate deprived parts of London.
Ian Robertson CA CCMI, Group Chief Executive, Wilson Bowden plc
Both as a housebuilder and developer in our own right, and as a member of the Campaign for More and Better Homes, we are acutely aware of the vital importance of infrastructure provision to the credibility and viability of areas designated for development Crossrail is a major example of infrastructure provision, without which the credibility and development of the Thames Gateway will be severely hampered.
Peter J Handcock, VP, Worldwide Real Estate and R&D Operations, GSK
As a major employer in west London, GSK supports and wants Crossrail in that it will bring much-needed relief to the overcrowding that currently occurs on radial lines in west London, notably the Piccadilly, Central and Paddington suburban lines. It is essential for London to have the best possible rail-based public transport system in the world. GSK hope that once Crossrail is firmly underway, TfL will seriously examine how a structural improvement can be made to orbital public transport in outer London [and particularly west London], which we believe will bring the greatest benefit to transport services.
Richard Duggleby, Head of External Relations, Yell Group
We want Crossrail because it would significantly benefit our UK business by providing easy access into Central London and the City, and our international business by providing (we hope) speedy access to Heathrow. However this would only be possible if the western terminus was extended to Reading and not Maidenhead as currently planned. Reading is a major economic centre with existing extensive rail connections to most of the UK.