The event showcased the significant progress the town’s £1.5 billion inward
investment programme has already made, with the promise of more to come.
Since the launch of the LIF in 2016 there has been significant progress in
the redevelopment of Marsh Farm and ongoing investment at London Luton Airport.
Works for the regeneration of the former Vauxhall car plant have been approved and new road works to
facilitate the development have started.
Planning permission has recently been granted for the Luton Direct Air Rail Transport, which will connect Luton Airport Parkway railway station to the
airport and this will also help secure economic growth.
There will also be continued investment into Luton's Cultural Quarter.
As part of our positive approach to investment, property developers and
investors funded the event and talked to the audience about their plan for the
Business leaders also took part in a panel discussion where Luton’s great
offer was discussed and how the town is fast becoming a magnet for employers
offering high-quality jobs.
Realising the true benefits of being based in Luton, businesses have been
investing in the town including Signature Flight Support
with an investment of £26
A further development in the town is the arrival of Metro Bank
will add a new store to its portfolio with around 25 new staff recruited
locally. Cllr Hazel Simmons
, Leader of Luton Council,
said: "Luton’s Investment Framework continues to underpin how we are working
with key partners to drive improvements to prosperity, health and wellbeing
across the town.
"Luton is ambitious, innovative and ready for business with its
super-fast broadband connectivity, improving infrastructure, and major schemes
coming forward. The town has become a destination of choice for many
"I think the event today was a good opportunity for us to show how things
have developed and our ambitions for the town. The audience was impressed by the
changes taking place and how far we have come - the transformation of Luton is
well and truly underway."
, CEO of London Luton Airport Ltd
(LLAL), said: "Luton’s business scene
is thriving. As the region’s largest employer, London Luton Airport is proud to
be part of this success.
"Our current investment into the airport means we expect to support
22,000 jobs and contribute £1.2 billion to the
Three Counties economy by 2030.
"Improved transport connections are central to the LIF and are particularly
attractive for inward investors. The investment by the council owned LLAL of the
£200m transit link between the airport terminal and Luton Parkway Station
demonstrates our shared ambition to improve connectivity.
"Introducing four fast trains per hour to Parkway station as part of the
new East Midlands Trains franchise should accelerate growth even further."