Newquay Airport has today been named as one of a clutch of new Enterprise Zones across the UK.
It is hoped that the Newquay Aerohub will create 1,000 new jobs for the Duchy, as new businesses, encouraged by the tax-breaks available, set up on the 135-acre site.
It is a significant win for the fledgling Cornwall and Isles of Scilly Local Enterprise Partnership (LEP), which led the bid.
LEP chairman Chris Pomfret said: “The LEP is only three months old and this shows that we really mean business. There have been fears in some quarters that the LEP would just be a talking shop. Hopefully this will allay some of those concerns.
“This funding will enable us to support business growth and create new jobs and means that we are off to a very good start in creating a new and exciting economic future for Cornwall and the Isles of Scilly.”
Newquay Cornwall Airport MD Al Titterington added: “The Newquay Aerohub will enhance our already strong aerospace offering. A number of the major aerospace companies we are currently in discussions with have said that the EZ would add significant value to their proposals for creating activity at the airport and the high value jobs this would bring to Cornwall. This really is great news.”
With the Newquay Enterprise Zone now safely in the bank, Pomfret says the LEP will be able to use the application as a blueprint for possible future Enterprise Zone bids for such areas as Launceston, Bodmin and the Camborne, Pool and Redruth area.