London City Airport provides the capital with investment and economic growth, the airport has said after a report suggested the airport should be closed.
The New Economics Foundation claimed the site should be redeveloped to build new homes and businesses in a report published today.
However, a spokesman told the Telegraph that the airport “provides a direct route to the capital's business, financial and political centres, facilitating inward investment and economic growth."
London City Airport should be closed to make way for new homes, businesses and public spaces, a new report has suggested.
The report by the New Economics Foundation says it is the "perfect time" to close the airport which "destroys more social, environmental and economic value than they create".
NEF claim closing the airport would free up a significant space to build a "new kind neighbourhood" with homes, businesses, green spaces and cultural venues.
Heathrow, Stansted and Gatwick could all absorb the loss of City Airport, the report argues.