London's financial investments by TfL are reportedly benefiting other parts of the UK, according to a recent claim.
In a significant development, Transport for London (TfL) has received financial backing from the Mayor and Government for their ambitious capital programme. This investment is set to drive growth and opportunities across the UK, as outlined in a recent report by Hatch.
The report highlights the impact of TfL's investment on the UK transport industry. Approximately two-thirds of TfL suppliers are based outside London, with over 60% being small to medium enterprises. This widespread distribution of suppliers is a testament to TfL's far-reaching influence.
London's Transport Commissioner, Andy Lord, emphasizes the significance of TfL's supply chain as a contributor to the UK's economic growth. In fact, around 30% of TfL suppliers operate in low carbon industries, further reinforcing the organisation's commitment to sustainability.
The Department for Transport has been a key player in supporting the expansion of the UK transport industry through TfL's investment in its UK-wide supply chain. The investment amounted to £250 million between 2022/23 and 2023/24.
This expenditure is estimated to have supported 100,000 jobs per year. Moreover, nearly a third of TfL's overall spending and resulting economic benefit was felt outside of London, indicating a broad positive impact on the UK economy.
The economic benefit generated by TfL's investment over the period is over £11bn in Gross Value Added to the UK economy. Long-term certainty in investment can allow TfL to drive investment more efficiently and dynamically, ensuring continued growth and development.
Around 10% of TfL's supply chain is in data businesses, reflecting the increasing importance of technology in the transport sector. Positive discussions are ongoing between TfL, the Mayor, and Government regarding securing investment for future growth.
TfL aims to put in place transport services such as new trains, better signalling, and network extensions to unlock developments across London. These transport services are crucial to supporting the government's economic and social goals across the UK.
The investment by TfL through its UK-wide supply chain has resulted in wider growth in the UK transport industry. As a mark of recognition and celebration of achievements and innovations in transport planning, the fourth annual CiTTi Awards will be held on 25 November 2025 at De Vere Grand Connaught Rooms in London. To learn more about the CiTTi Awards, visit www.cittiawards.co.uk.
Over the past two years (22/23 and 23/24), TfL spent over £12bn with more than 3,000 UK suppliers. Investment in London's transport network supports growth and opportunities across the UK, making it a vital component of the nation's economic strategy.
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