A new runway at Heathrow is viewed as one of the key infrastructural developments which will secure London’s future success, according to a new report.

The latest CBI/CBRE London Business Survey indicates that 80% of London firms think sticking to the Government’s current timetables for building Heathrow’s third runway is vital to London’s attractiveness as a place to invest. 

However opposition to expansion plans remain strong, with Hillingdon one of four boroughs opposing a new runway at the airport.

The completion of Crossrail 2 and new river crossings in East London were also highlighted as important projects in the report.

Eddie Curzon, CBI London Director, said: “As one of the world’s few truly global cities, London’s star continues to dazzle at the start of 2017.

“The capital’s businesses want to keep it that way, and recognise the importance of driving the city’s infrastructure forward to do so. 

“By ploughing ahead with Crossrail 2, a new runway at Heathrow and making better use of the River Thames, London can keep ahead of the curve, and make the city an even more attractive place in which to invest, live and work for decades to come.

Firms in the capital are now more optimistic about the city’s economy, with a fifth feeling more positive about the next six month’s outlook compared to only 4% in the last survey.

Mr Curzon said: “While the uncertainty about the UK’s future relationship with Europe is weighing on minds in the City, it’s good to see firms beginning to bounce back from the Brexit effect, and having a more positive view of the economy than immediately after the vote to leave the EU.

“London’s voice must continue to be heard to make a success of Brexit and ensure the future prosperity of our capital, and the whole of the UK. 

“The CBI will support the Government to secure the best possible outcome for the country.”