Airport Update from Mayor Ros Jones: Gainshare timeline for approval
Mayor Oliver Coppard has this afternoon announced at the South Yorkshire Mayoral Combined Authority Board meeting that they expect to make an investment decision in early September in relation to Gainshare for Doncaster Sheffield Airport.
"Thank you Oliver for providing an update in relation to the proposed timeline and for the commitment to the investment decision to be taken in early September. I must emphasise the importance of the Gainshare decision in early September and swift release of Gainshare funding alongside the £30m from Government that the Prime Minister Keir Starmer announced in April.
"We are at a critical point, where we need this certainty of funding in order to continue our plans to reopen Doncaster Sheffield Airport. We need the certainty to progress with our Airspace, sign-up airlines and freight providers and employ and train the hundreds of staff required to operate an airport.
"Whilst we acknowledge that this is public money and the need for due diligence, we are pleased that Oliver has signalled that the assurance work continues to build confidence over the summer and that he has committed that the decision in early September will be the final decision on Gainshare."
- Category: Business & investment