Scunthorpe Steel could benefit from multi-billion pound plans to expand Heathrow
The airport's Chief Exec will be making a speech from Northern Lincolnshire later
Last updated 12th Feb 2025
Heathrow airport is set to announce a multi-billion pound investment as it prepares its proposal for a new runway.
It's believed to be a boost for the UK steel industry, particularly in Scunthorpe, which is where the airport's Chief Executive will make his speech from.
Thomas Woldbye will unveil funding for upgrades and expansion, such as boosting the capacity of Terminals 2 and 5, reconfiguring the layout of the airfield, and boosting bus and coach connections.
It comes after Chancellor Rachel Reeves used a speech on growth last month to give her support for a third runway at Heathrow.
Mr Woldbye will make the speech at British Steel'sScunthorpe plant, which is the only facility making primary steel in the UK.
He will sign the UK Steel Charter, which aims to maximise supply chain opportunities for UK steel producers.
UK Steel director general Gareth Stace said: "Heathrow signing the UK Steel Charter is a major vote of confidence in UK steelmaking and British businesses full stop.
"With the airport embarking on its largest-ever private investment programme, this commitment unlocks significant opportunities for UK steel producers and supply chains to help deliver critical national infrastructure."
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