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Cornwall Council Cabinet to Vote on $14.8 Million for Spaceport

11 Sep 2019, 21:36 UTC
Cornwall Council Cabinet to Vote on $14.8 Million for Spaceport
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CORNWALL, UK ( Cornwall & Isles of Scilly Local Enterprise Partnership PR) — Business and space industry leaders are backing plans to create the UK’s first horizontal launch spaceport in Cornwall.

Spaceport Cornwall would use planes rather than vertical take-off rockets to put satellites into space from Cornwall Airport Newquay as early as next year, in partnership with California-based launch company Virgin Orbit.

The spaceport would create 150 direct jobs by 2025 and add £200m [$246.5 million] to the Cornish economy every year. It would also act as a catalyst for growing Cornwall’s space sector, and inspire young people about careers in science and engineering.

Next week members of Cornwall Council’s Cabinet will decide whether to recommend a £12m [$14.79 million] investment in Spaceport Cornwall. If approved, the final funding decision will be taken by the full Council in November.

This would match-fund £7.85m [$9.68 million] already committed by the UK Space Agency, which has selected Cornwall as the UK’s first horizontal launch spaceport.

A further £500,000 [$616,295] is coming from the Cornwall & Isles of Scilly Local Enterprise Partnership, and £2.5m [$3.1 million] from Virgin Orbit. The company has invested around $1 billion [$1.23 billion] in a system that ...

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