Leeds Bradford Airport (LBA) has secured £160 million in financing from NatWest to support a major terminal expansion project. The project is expected to significantly boost its capacity and infrastructure by 2030.
The financing, arranged by NatWest’s Debt Advisory team, combines refinancing of existing debt with an increased capital expenditure facility. The funding will help advance LBA’s REGEN project, which is focused on modernising the terminal and increasing passenger capacity from 4.3 million to around 6.8 million annually.
LBA, which InfraBridge owns, has shown a strong post-pandemic recovery and is currently operating at 113% of its 2019 passenger traffic. It is the first airport in Northern England to exceed pre-COVID traffic levels. The terminal upgrades are expected to enhance the airport’s commercial offering and passenger experience, positioning it for continued growth in European connectivity.
InfraBridge, a global mid-market infrastructure investor, counts LBA among its key assets in the transport and logistics sector.
