Biggin Hill set to spread its wings with £15m HSBC loan

London Biggin Hill Airport is expanding thanks to a £15 million loan from HSBC.

The money will allow the historic airport, opened and used by the Royal Flying Corps during the First World War, to fund a 140,000-square-foot office, hangar and business aircraft parking facility, and the development of a 50-bed four-star hotel.

The airport and the London Borough of Bromley aim to create 2300 new jobs by 2030.

Will Curtis, managing director at London Biggin Hill Airport, said: “Completing the deal with HSBC enables us to fulfil the next stage of our strategy for further enhancing Biggin Hill’s reputation as the gateway to London for business aviation.”

London Biggin Hill has pledged to use local firms through the project, including Civils Ltd which has been appointed principle contractor.

Biggin Hill is the only dedicated business airport in the capital and is already home to 65 commercial and aviation activities, 55 business jets and more than 150 other private aircraft and helicopters.