17.08.18
Night Tube could contribute up to £1.5bn to London's economy, report says
The Night Tube could contribute in excess of £1.5billion to London’s economy over the course of the next decade, doubling predictions from initial projections.
Marking the second anniversary of the service, a report compiled by London First and EY also suggests that passenger numbers are well ahead of early forecasts too, with 17million journeys travelled so far.
The Night Tube helped to generate an extra £190million for the capital’s economy over the past 12 months, a £20million increase on its first year of operation.
According to the report, the service helps to support over 3,900 jobs, an 8.5% increase on the previous year.
Mark Wild, London Underground’s Managing Director, said: “The Night Tube has been a huge success and is now an essential part of London’s transport network.
“The increase in passenger numbers shows that the demand for the Night Tube remains strong, and that it is helping to transform London into a truly 24-hour city.”
Katie Nicholls, Chief Executive of UKHospitality and Chair of the Night Time Commission, said: “The new figures make welcome reading for those who supported the launch of the Night Tube and those who understand the importance of the late-night economy.
“The launch of the Night Tube two years ago was a serious statement of intent that London was committed to supporting this vibrant and important sector.
She added: “The convenience provided by the Night Tube not only makes London’s night-time economy more attractive to customers, it also provides a valuable service to our staff members to get to and from work.”
Mayor of London, Sadiq Khan, said: “I am delighted to have delivered London’s first-ever Night Tube for Londoners.
“Its first two years have been an even bigger success than we predicted - allowing more people to get home quickly and safely after a night shift, or night out with friends, but also providing a huge boost to London’s night-time economy.”
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Image credit: MarioGuti