Gatwick's business plan sets out a new seven-year 'Contracts & Commitments' framework to replace the current system of regulation.

The new deal that we're proposing for Gatwick marks a radical change from regulation to match the change in our ownership and we believe it's the best way to promote competition between airports and further the interests of passengers. It will allow us to deliver better airport facilities, service levels and prices for both our airlines and passengers.

We're proposing a further investment of £1 billion at the airport between 2014 and 2019 to build on the improvements we've already delivered in the past four years since becoming independent.

You can read our business plan here.