The town of Luton is gearing for incredible economic growth over the next few years, through council projects and private business initiatives and partnerships. Ideally located 30 miles from London, it is a 22 minute rail commute to the city and the town is well connected to most major cities in the UK through road, rail and air routes.
Along with its attractive location, Luton is proud of its super fast broadband internet connectivity – rated top in the country. Having a great location and fast internet is all good and well, but it doesn’t exactly translate into any significant growth potential. So what is all the hype about?
Firstly, there’s the 110 million pound redevelopment of Luton Airport, which will increase capacity by 50% form 12 to 18 million by 2020. In a bid to further improve Luton’s transport infrastructure, the council has partnered with several international investors in an ambitious plan to upgrade Luton Dunstable Busway and Luton Town Center Transport Scheme, which they expect to create over 1.5 billion pounds investment potential. The Luton Town Council recently presented their 20 year growth plan to investors in London.
They made mention of the fact that within a year of drafting this plan, they have already completed the 31 million pound J10a improvement scheme, achieving Enterprise Zone status. In the near future there are plans for numerous other high profile developments.
A proposed new football stadium, was announced by 2020 Developments (the company behind Luton Football Club). Capital and Regional, which owns the 1 million square feet shopping center: The Mall has announced that they too have big developments planned. It seems as though Luton Council is steaming ahead with bold initiatives to grow the town and local business has joined in with great enthusiasm.