Hatch highlights economic impact of Transport for London's investment in its supply chain
Hatch's Economic Impact Assessment reveals nationwide benefits of TfL's investments
London, UK – Hatch is proud to release the findings of our independent report, commissioned by Transport for London (TfL), which highlights the far-reaching economic impact of London’s transport investments across the UK. Between 2022 and 2024, TfL invested more than £12 billion with over 3,000 suppliers nationwide, supporting 100,000 jobs annually and contributing over £11 billion in gross value added (GVA) to the UK economy.
Our analysis reveals that the benefits of TfL’s investments extend beyond the capital, with nearly a third of the economic gains felt outside of London. From manufacturing hubs in the North to innovative small- and medium-sized enterprises (SMEs) in the Midlands, TfL’s supply chain drives growth and innovation across the UK. Furthermore, 30% of these suppliers operate in low-carbon industries, contributing to the UK’s green industrial revolution.
“This report demonstrates TfL's instrumental role in creating growth and good jobs across the UK in engineering, manufacturing, and technology,” said Sadiq Khan, mayor of London. “I am working with the government to ensure that London’s transport network continues to support new homes, economic growth, and productivity, both in London and across the UK. Securing a long-term multi-year funding deal for TfL is essential to retain London’s status as a global city and a driver of inward investment for the UK economy.”
With 63% of suppliers based outside London, TfL’s investments foster economic resilience and job creation nationwide. The supply chain includes companies producing zero-emission buses in Ballymena and Falkirk, Piccadilly line trains in Goole, and Elizabeth line trains in Derby. This broad geographical reach ensures that communities across the UK benefit from London’s transport investments, providing vital support for regional economies and fostering technological innovation.
Our report also highlights the critical role of sustained investment in public transport for both economic growth and environmental sustainability. With 30% of TfL’s suppliers in low-carbon sectors and 10% involved in cutting-edge technology and data businesses, these investments are integral to the UK’s net-zero ambitions.
Tim Fanning, director at Hatch, commented, “Infrastructure investment is a key driver of economic growth. Our analysis uncovers concrete evidence of the significant supply chain linkages associated with TfL’s spending. Beyond the anecdotes, we’ve pinpointed exactly where these investments are making an impact across the UK, supporting jobs and fostering innovation in critical sectors.”
The report underscores the need for long-term funding to maintain and expand London’s transport infrastructure. Projects like the DLR extension to Thamesmead, the Bakerloo line extension, and the West London Orbital could deliver tens of thousands of new jobs and homes across London and the wider UK.
Transport for London Commissioner Andy Lord added, “This latest report showcases just how powerful and economically important TfL's supply chain is. Investing in London's transport network supports growth and opportunities right across the UK. With long-term funding certainty, we can continue to drive investment efficiently, unlocking developments and supporting the Government's economic and social goals.”
Hatch remains committed to supporting organizations like TfL in understanding the broader societal and economic impacts of their investments. Our work continues to highlight the importance of infrastructure development as a catalyst for economic growth, sustainability, and innovation across the UK. For more details on the report, visit our project page.
For more information, please contact:
Lindsay Janca
Global Director, Public Relations
Tel: +1 905 403 4199
Email: media@hatch.com
About Hatch
Hatch is a global engineering, project delivery, and professional services firm. Whatever our clients envision, our teams can design and build. With over six decades of business and technical experience in the mining, energy, and infrastructure sectors, we know your business and understand that your challenges are changing rapidly. We respond quickly with solutions that are smarter, more efficient and innovative. We draw upon our 10,000 staff with experience in over 150 countries to challenge the status quo and create positive change for our clients, our employees, and the communities we serve.
Find out more on www.hatch.com.