Impact of the Night Tube on London’s Night Time Economy

London is the most visited city in the world, and the most attractive for Foreign Direct Investment. It is a place where people love to come to do business, see the sights, experience the culture and heritage, to socialise and have fun. London already has an extensive transport system which supports its economy but it has never had an overnight underground service.

In providing one it will join New York, Chicago, Stockholm, Copenhagen, Berlin and Sydney which all offer night time metro services to differing extents. In order to remain globally competitive and attractive to investors and visitors it needs to continue to innovate and stay at the forefront, it needs to provide similar transport provision to its competitors and retain its status globally as a world class city. TfL and London First commissioned a study by Volterra into the impact of the Night Tube on London’s night time economy and this week announced that they will run a Night Tube service at weekends on the five main lines from September 2015.

The findings of the Volterra study showed that the Night Tube will support 1,965 permanent jobs in the night time economy, and that there could be time savings of up to an hour on some routes. The 24-hour service will provide a £360m boost to the economy over the next 30 years. The benefit cost ratio is estimated to be 3.9:1 – so that for every £1 spent on delivering the Night Tube, the gain will be £3.90.

Benefits include:

  • Increased safety for taxi passengers due to a decrease in demand for illegal minicabs
  • Improved commuter journeys for shift workers
  • Potentially longer opening hours for the city’s attractions, including reduced congestion after major events
  • Improved accessibility to Heathrow in the early morning at weekends
  • Contribution towards a more vibrant night-time economy
  • Increased attractiveness of London for visitors, residents and businesses

Ellie Evans, Partner at Volterra said “this has been a great study to be involved with. A Night Tube service will help maintain London’s status as a leading world city, continuing to attract investors, workers and tourists. I am excited to see how this plays out in 2015 when the scheme comes to life in the capital in time for the Rugby World Cup”.

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t: +44 020 8878 6333

Alex O’Byrne, Associate at Volterra, is an experienced economic consultant specialising in economic, health and social impact, economic strategy, project appraisal and socio-economic planning matters.

Alex has led the socio-economic and health assessments of some of the most high profile developments across the UK, including Battersea Power Station, Olympia London, London Resort, MSG Sphere and Westfield. He has significant experience inputting to EIAs and s106 discussions as well as drafting economic statements, employment and skills strategies and affordable workspace strategies.

Alex is also experienced at economic appraisal for infrastructure. He was project manager of the economic appraisal for the City Centre to Mangere Light Rail in Auckland. He also led the economic and financial appraisals of the third tranche of the Transport Access Program for Transport for New South Wales, in which Alex developed and employed innovative methodological approaches to better capture benefits for individuals with reduced mobility.

He is interested in the limitations of current appraisal methodologies and ways of improving economic and health analysis to ensure it is accessible to as many people as possible. To this end, Alex recognises the importance of transparent and simple to understand analysis and ensuring all work is supported by a robust narrative.

Alex holds a BSc (Hons) in Economics from the University of Manchester and he was a member of the first cohort of the Mayor’s Infrastructure Young Professionals Panel.


Senior Partner

t: +44 020 8878 6333

Ellie is a partner at Volterra, specialising in the economic impact of developments and proposals, and manages many of the company’s projects on economic impact, regeneration, transport and development.

With thirteen years experience at Volterra delivering high quality projects to clients across the public and private sector, Ellie has expertise in developing methods of estimating economic impact where complex issues exist with regards to deadweight, displacement and additionality.

Ellie has significant experience in estimating the economic impact across all types of property development including residential, leisure, office and mixed use schemes.

Project management of recent high profile schemes include the luxury hotel London Peninsula, Battersea Power Station and the Nova scheme at London Victoria. Ellie has also led studies across the country estimating the economic and regeneration impact of proposed transport investments, including studies on HS2 and Crossrail.

Ellie holds a degree in Mathematics and Economics from the University of Cambridge.