London’s night time economy is expected to receive a boost as the city’s first night tube service is set to run from this Friday, 19 August.
The new service, which has been delayed several times, will see a limited 24-hour service on selected lines. The first lines to operate the service will be the Victoria and Central lines, with the Northern, Jubilee and Piccadilly lines expected to come on board in the autumn.
Figures vary on the expected uplift the new service may deliver to businesses. A recent study by the Centre for Economics and Business Research found London’s overall night-time economy is set to grow from £26bn a year to £30bn a year by 2030. Meanwhile, figures by London First showed that the night tube could boost London’s economy by £77m per year.
Association of Licensed Multiple Retailers (ALMR) chief executive Kate Nicholls has welcomed the new service. She said: ‘We want to see late-night pubs and bars thriving and full of customers. We are confident it will be an asset to the licensed hospitality sector and the capital.
‘London is regarded as one of the world’s true 24-hour cities and an all-night tube service will give customers much improved access to some of the capital’s best nightspots. The service will open up the night-time economy to more customers than ever and will give London a valuable economic and social boost.’