Plans have been revealed to invest £15 million in new infrastructure projects at London Biggin Hill Airport.

A finance package has been agreed with HSBC to help fund the creation of a 140,000 sq ft office, hangar and business aircraft parking facility. In addition, a new 50-bed four star hotel will be built.

The schemes will help meet ambitious employment targets set by the airport and the London Borough of Bromley, which aims to create 2,300 new jobs by 2030.

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Will Curtis, Managing Director at London Biggin Hill Airport, said: "Completing the deal with HSBC enables us to fulfil the next stage of our development strategy for further enhancing Biggin Hill's reputation as the gateway to London and the City for business aviation."

James Shepherd, Area Director in HSBC's Corporate Banking team, said: "London Biggin Hill Airport is an ambitious business with plans to build more hangar capacity and house internationally recognised engineering and maintenance companies.

"Our experience funding significant development projects like this one helped us put a competitive and flexible finance package in place that has enabled work to start at the airport straight away. We look forward to watching the project as it progresses and continuing our relationship with the airport team."

(LM/MH)