The socio-economic impact of businesses in the railway arches
Table 5.3 – Summary of the economic impact within the six case study local authorities
Business rates payments
Economic activity supported (direct GVA)
Local authority
Total commercial space FTEs
supported
Southwark
220,000
4,900
£7.8m
£360m
Lambeth
144,000
2,900
£5.9m
£210m
Tower Hamlets
85,000
1,400
£3.4m
£120m
Wandsworth
66,000
1,100
£2.1m
£95m
Manchester
56,000
600
£0.6m
£47m
Hackney
28,000
500
£1.4m
£39m
Source: Volterra estimates, 2023. The Arch Company internal data, 2023.
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