The Night Tube boosts London economy

BY TOBY PORTER
toby@slpmedia.co.uk

The Night Tube boosts London’s economy much more than expected, new figures show.

Demand for overnight services grew in its second year, with 8.7 million customers using the service in 2017/18 compared to 7.8 million in 2016/17, according to a new report by London First and EY.

The increase in demand has meant that Night Tube helped to generate an additional £190million for London’s economy last year, up by almost £20million from its first year of operation.

The report states that the service is projected to contribute £1.54billion over the next 10 years to the capital’s economy.

That is double the initial projections made before the service launched in August 2016. It is also supporting more than 3,900 jobs, up 8.5 per cent from last year.

Passenger numbers have been higher than expected, with almost 17 million journeys so far, well above the 14 million forecast. It has cut journey times by an average of 20 minutes.

Night services now also include the Night Overground, launched in December 2017.

In future TfL will consider how best to introduce a similar service on the DLR when the next operating contract is let in 2021, while the massive upgrade of the Circle, District, Hammersmith & City and Metropolitan lines will facilitate a night service once the programme is fully complete in 2023.

Sadiq Khan, the Mayor of London, said: “I am delighted to have delivered London’s first-ever Night Tube for Londoners.

Mayor of London Sadiq Khan at the launch of London’s Night Tube

“Its first two years have been an even bigger success than we predicted – allowing more people to get home quickly and safely after a night shift, or night out with friends, but also providing a huge boost to London’s night-time economy.

“In the past year we have also launched the Night Overground and I look forward to extending the service to more Underground lines to help even more people travel around our city more safely and quickly.”

David Lutton, economic policy director at business group London First, said: “The economic boost from the Night Tube continues to race ahead, outpacing all projections, and we’re only at the beginning of London’s night-time potential.

“There’s a real opportunity for the Mayor and the Night Time Czar to build on this success and help make London a truly 24-hour city, delivering billions of pounds for the economy and creating thousands more jobs.”

Trains run overnight from Friday and Saturday evenings on the entire Victoria and Jubilee line; the Northern line from High Barnet and Edgware to Morden via the Charing Cross branch and the Night Overground between Highbury & Islington and New Cross Gate.

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