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News Archive > General > Spaceport backers in investor talks

Spaceport backers in investor talks

By 19th April 2017

Spaceport backers in investor talks
An image of the proposed Spaceplane Systems Integration Facility

THE body behind the plans to establish a spaceport at Cornwall Airport Newquay is in talks with four potential investors.

The Cornwall and Isles of Scilly Local Enterprise Partnership (LEP) is looking to secure funding from partners as it prepares to capture a share of the £25 billion global spaceflight launch market.

Aerohub Enterprise Zone manager, Miles Carden, is holding the discussions following the Government inviting joint bids from potential Spaceport launch sites and space vehicle system operators to set up the UK’s first commercial spaceport by 2020.  

There is up to £10 million being made available from the Government to make the UK the first place in Europe where commercial space operators can launch small satellites into orbit and offer spaceplane flights for science and tourism.

Cornwall’s bid will be seeking up to £10 million of investment to upgrade facilities, which would include a Spaceplane Systems Integration Facility comprising a hangar and clean rooms to cater for satellite and future flight technologies.

The LEP is leading Cornwall’s bid to establish Spaceport Cornwall across two sites at Cornwall Airport Newquay and Goonhilly Earth Station, which together offer an “unrivalled” combination of horizontal launch, monitoring and tracking facilities. The bid will outline why Cornwall is perfectly placed to maximise the potential from the fast growing global small satellite launch market and spaceplane development.

Sandra Rothwell, chief executive of the Cornwall and Isles of Scilly LEP, said: “Our aim is to create a high value space cluster around our Aerohub Enterprise Zone sites at Cornwall Airport Newquay and Goonhilly Earth Station.

“We are the only site able to offer low cost access to space by horizontal launched systems in the UK by 2020, with a complete end-to-end launch and tracking capability that will be internationally competitive. With the right support, working with industry and other LEPs, we are offering an operational spaceport to the UK Space Agency in the next three years, delivering a key part of the Government’s national space policy and Industrial Strategy ambitions.”

Mr Carden added: “The combination of Cornwall Airport Newquay and Goonhilly is very attractive to space vehicle operators which is why there is international interest in being part of our Spaceport Cornwall bid.

“We’re building on our existing assets to offer a complete and competitive launch solution forthe commercial space industry, providing low cost access to space in an industry that is expected to be worth £25 billion by 2020.”

The LEP has already submitted a formal expression of interest to the Government and the full Spaceport Cornwall bid will be made by the April 28 deadline.

An announcement of successful bids is expected in the summer. This will be followed by a spaceport licence application under the Government’s Spaceflight Bill, which sets out how the Government plans to regulate spaceflight activities from UK spaceports.

By 19th April 2017

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