Newquay, 12 November 2014: Aerohub at Newquay Cornwall Airport today revealed that it has already attracted seven businesses to its Enterprise Zone in just two years since its launch in April 2012, creating more than 140 new jobs in the process. The Aerohub Enterprise Zone and Newquay Cornwall Airport now support over 550 jobs and contribute over £22m to the local economy.
The news comes after Communities Secretary Eric Pickles announced on Wednesday that the 24 Government-backed Enterprise Zones across the UK had generated over £2 billion in private investment since opening for business.
A number of major businesses, including Apple Aviation, Classic Air Force and CIS, have already relocated to Aerohub. The Bloodhound Supersonic Car project is also based at the airport for stages of its UK testing over the coming two years ahead of its land speed record attempt in 2016. Bristow Helicopters will use Aerohub as a base when its 10-year contract to take over the UK’s Search and Rescue operations commences in 2015.
Chris Pomfret, Chairman, Cornwall and Isles of Scilly Local Enterprise Partnership, commented: “Since its launch, Aerohub at Newquay Cornwall Airport has attracted interest from both regional and international businesses and is proud to house significant projects in the aerospace sector. The creation of these jobs is proof of the tangible benefits the Enterprise Zone has delivered for the local economy and we look forward to increasing this number with the development of a Business Park which is scheduled for completion next year.”
Work recently began on the £6 million Aerohub Business Park at Newquay Cornwall Airport, which has the potential to create over 30,000sqm of workspace and up to 750 additional jobs once phase one is completed in October 2015.
Julian German, Cornwall Council Portfolio Holder for Economy & Culture, said: “The Enterprise Zone has been hugely successful since its launch, both in terms of enhancing Newquay Cornwall Airport’s business diversity but also by opening the door to both fast-growing local projects and international businesses to work in an aerospace-focused environment geared towards maximising potential and reducing barriers to business growth. Aerohub has not only created a significant number of local jobs, but also underlined the development’s reputation as the best location in Europe for aerospace businesses.”
The 280-acre Aerohub site is based at Newquay Cornwall Airport, which has one of the longest runways in the UK (2.7km), meaning it can support aircraft of any size as well as offer direct access to the North Atlantic and the growing Eastern markets, and is adjacent to the largest development site in the South West.
For more information, please contact:
Investor Relations Consultant
Aerohub at Newquay Cornwall Airport
T: 01872 322953
Citigate Dewe Rogerson
T: 0207 282 1021
Notes to Editors
Enterprise zones have the opportunity to attract investment, developments and jobs through a combination of business rate discounts worth up to £275,000 over five years for each business in the zone, simplified planning procedures and superfast broadband links.
Aerohub at Newquay Cornwall Airport is being led by the Cornwall and Isles of Scilly Local Enterprise Partnership and Cornwall Council, as the owners of the airport and surrounding land. They have co-commissioned Cornwall Development Company, the Council’s arms length development company, to deliver the enterprise Zone project alongside Cornwall Airport Limited as the operator of the Airport.
Cornwall and Isles of Scilly Local Enterprise Partnership
The Cornwall and Isles of Scilly Local Enterprise Partnership (LEP) was launched in May 2011. Private sector-led, it is a partnership between the private and public sectors and is driving the economic strategy for the area, determining local priorities and undertaking activities to drive growth and the creation of local jobs.
Convergence Programme European Regional Development Fund (ERDF)
The Aerohub Team at CDC is part financed by the European Regional Development Fund Convergence Programme 2007 to 2013. The Department for Communities and Local Government is the managing authority for the European Regional Development Fund Programme, which is one of the funds established by the European Commission to help local areas stimulate their economic development by investing in projects which will support local businesses and create jobs.
Tel 01872 224669
Cornwall Development Company
Cornwall Development Company is the arm’s length economic development company of Cornwall Council.
Cornwall Airport Limited (CAL)
CAL is a 100% owned company of Cornwall Council and is the operator of Newquay Cornwall Airport.