Glasgow Airport generates more than £1.44 billion a year for the Scottish economy and supports over 30,000 jobs, a report has shown.
The economic impact study, produced by economists York Aviation, also predicted that if the hub continues its forecast growth it would contribute £2.54 billion (Gross Value Added) and support over 43,000 jobs.
The airport in Abbotsinch, Renfrewshire, is also predicted to attract 17 million passengers annually by 2040, according to forecasts by economists.
Airport chiefs said it confirmed Glasgow’s critical role as a gateway for global exports and imports, with the airport handling more than £3.5bn in goods in 2017.
Mark Johnston, managing director at Glasgow Airport, said: “This study confirms the huge economic benefits the airport generates for the city and Scotland each year.
“With a total annual economic impact of £1.44 billion supporting over 30,000 jobs nationwide, the findings are very encouraging and show that when Glasgow Airport succeeds Scotland shares the benefit.
“These findings are hugely significant and we want to continue to grow in a sustainable and responsible manner.”
The study was produced to inform Glasgow Airport’s 2040 Master Plan, which will be published for public consultation later this year.
An Advanced Manufacturing Innovation District (AMID) next to the airport is also expected to create up to 10,000 additional jobs.
Airport managers say two anchor tenants have already been confirmed, the £56-million Medical Manufacturing Innovation Centre (MMIC) and the £65-million National Manufacturing Institute for Scotland (NMIS).
Stuart Patrick, chief executive of Glasgow Chamber of Commerce, said: “The results of this study further reinforce the view that Glasgow Airport is the West of Scotland’s most important transport hub and strengthens the case for it having a nationally-funded direct rail connection.
“The results of this study further reinforce the view that Glasgow Airport is the West of Scotland’s most important transport hub and strengthens the case for it having a nationally-funded direct rail connection.
“Glasgow’s economic strategy is aiming for one million new inbound tourists every year and is planning for a growing population, 100,000 new jobs and the same number of new houses around the region.
“This needs a successful airport with a wide range of direct flights.
“So, the ambition is there and the Glasgow Airport team does a first-class job in pitching the city as a strong investment destination for the world’s airlines.”
Finance Secretary Derek Mackay said the airport was crucial for the local economy and there were also further calls for a rail link from the airport.
Mr Mackay said: “Renfrewshire benefits hugely from having Glasgow Airport on our doorstep, forming a vital part of our local community.
“The economic growth and jobs the airport brings to the local area and to the wider West of Scotland region, is massive, and has had a huge positive knock-on effect throughout Renfrewshire and the surrounding areas.”
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