BRINGING PROSPERITY AND economic growth TO THE REGION
At Farnborough Airport, we are proud of our longstanding history of bringing prosperity and economic wellbeing to the surrounding communities.
We are one of the largest employment centres in the region, accounting for around 7% of the total landmass of Rushmoor Borough, which is reported to be one of the strongest growing economic regions in the UK, recording a 6% annual GDP growth compared with the UK average of 1.8% per annum.
Our economic impact has surpassed all previous expectations. A 2022 study found that over the last decade, we have had a significant impact on the prosperity and success of the local area, with total employment associated with the Airport growing 57% and Direct Gross Value Added increasing by 63%.
Over the years, investment in our facilities has helped us become Europe's number one Airport for premium air travel connectivity. This has attracted aviation, aerospace and other associated industries to the region - we now have more than 70 tenants on site.
Today, we are at the centre of a dynamic and fast-growing aerospace and aviation industry cluster, further adding to the appeal of the borough regarding further investment into the local economy. Through continued investment, we plan to support the creation of many more jobs, bringing with it continued economic growth and prosperity.