According to a study carried out for the Mayor of London, Crossrail will deliver £1.2bn a year in transport and productivity, according to a study carried out for the mayor of London.

No borough will be left behind and the benefits will spread across the South-East of England after the railway starts in 2017, according to the study undertaken by Colin Buchanan.

Faster journey times, reduced road and public transport congestion, improved productivity and higher earnings are the key benefits that the new railway will deliver to both businesses and individuals.

While some boroughs in inner London will benefit by more than £60m a year – including Camden, Greenwich, Lambeth and Newham – the report also found that outer London boroughs will receive a major boost. In Barnet and Croydon, for example, total earnings of employees alone are expected to increase by around £24m in each borough as a result of the productivity gains that Crossrail will enable business to deliver. Overall, both boroughs are estimated to gain around £30m each.