Newquay Aerohub will create up to 2,500 jobs
Up to 2,500 jobs are to be created at a new enterprise zone dedicated to the aerospace industry.
The Aerohub, based at Newquay Cornwall Airport, was announced today at the Farnborough International Airshow by Business Minister Mark Prisk.
He commented: "Aerohub is a great example of how enterprise zones will be instrumental in stimulating local growth and job opportunities. It will help further strengthen the sector's skills base while attracting further business that will directly benefit Cornwall's economy."
The enterprise zone will incorporate new aerospace and aviation facilities, including an aviation skills academy, and is projected to generate more than 700 high-value, permanent jobs by 2015.
It is hoped that the new developments, arranged over two areas, will encourage private sector investment in the aerospace sector and benefit the South West region as a whole.
According to Al Titterington, managing director of Newquay Cornwall Airport, the Aerohub will present a unique environment for aerospace activities, with one of the UK's longest runways (2,744m), the ability to support aircraft of any size or specification, access to restricted airspace, and Air Traffic Control Systems.
"The Newquay Aerohub will enhance our already strong aerospace offering," he said. "A number of the major aerospace companies we are currently in discussions with have said that the Aerohub 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".