Regional UK airports asked to bid for up to £56 million for new routesStaff writer ▼ | January 23, 2015
Airports and airlines are being urged to bid for government funding of up to £17.5 million in the next year to help launch new routes.
Over next 3 years The Regional Air Connectivity Fund
Smaller airports are vital to local economies.
Aviation Minister Robert Goodwill
Aviation Minister Robert Goodwill said: "Smaller airports are vital to local economies and ensuring they thrive is a key part of our long term economic plan. I want to encourage the industry to apply to expand their routes, to generate UK growth and jobs, as well as boosting our trade links with countries all over the world.
Newquay's London route, which has a return of 2.5 for every pound invested.
Chief Secretary to the Treasury Danny Alexander
"This fund has already supported valuable services like Newquay's London route, which has a return of 2.5 for every pound invested, making it great value for taxpayers too. I hope this further funding will help other areas sustain economically important connections too.
To apply for the funding, airports and airlines will have to provide evidence to show their proposed route will generate local benefits and represents value for money.
The initial application stage will run for five weeks, closing on Wednesday February 25. Ministers will announce a shortlist of bids in March 2015. A list of successful bidders will then be published in June. ■