Strong interest from potential investors, following a trade mission to the USA, has provided significant support to the Cornwall and Isles of Scilly LEP’s bid to establish a spaceport at Cornwall Airport Newquay. If the bid proves successful the airport could have the UK’s commercial launch facility available for operation by 2020. This, of course, would provide supply chain opportunities for businesses located in the county, thereby providing a further boost to the South West regional economy. For the full story please read the bulletin below which was issued by Insider Media today.
Roger Mundy, Managing Director, Beardsley Theobalds, 13th October 2017
Strong investor interest in Cornwall spaceport
A trade mission to North America in support of a bid to establish a spaceport at Cornwall Airport Newquay has received strong interest from potential investors.
The delegation, led by the Cornwall and Isles of Scilly Local Enterprise Partnership (LEP), met with a number of potential investors earlier this month (October 2017) and visited spaceport facilities in California and New Mexico.
The LEP is leading a bid to establish a spaceport at Cornwall Airport Newquay in response to a government drive to have a commercial launch facility in the UK by 2020.
The facility would provide horizontal take-off facilities for satellite launches, research missions and human space flight, as well as space tracking capabilities available from Goonhilly Earth Station.
Sandra Rothwell, chief executive of the LEP, said: “We’ve got strong interest from potential spaceport operators and investors who view Cornwall as an ideal location to access the European commercial space market for horizontal satellite launch, spaceflight research and human spaceflight.
“It’s clear from what we have seen that the sector is well advanced and this gives us confidence there is a real market we can tap in to. What’s really exciting are the wider supply chain opportunities because these operators will need businesses to be co-located in Cornwall.
“That could include all sorts of aerospace-related activity from jet propulsion testing to manufacturing, as well as tech companies exploring the satellite market for things like agritech and mining.”