The socio-economic impact of businesses in the railway arches
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Whilst the portfolio’s combined economic impact is already significant, it has not yet reached its full economic potential. If all of the portfolio was occupied, this could unlock new spaces that support a further estimated 8,200 direct FTEs, generate £630m of economic activity annually and bring in between £190m and £250m in additional tax revenues each year. This forms a key expansion programme on the way to fulfilling the portfolio’s maximum economic potential, that is estimated to be up to 33,800 FTEs and £2.6bn a year in GVA were all properties to become occupied.
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