Cornwall Development Company
Find out how Cornwall Development Company is working for the benefit of people in Cornwall.
How does Cornwall Development Company benefit people?
Cornwall Development Company leads on delivering Cornwall Council’s economic strategy for Cornwall through inward investment, support to businesses and innovative technology-led developments.
Ambitious plans were unveiled to put Cornwall at the heart of the fast-growing space industry and create thousands of new jobs.
The local enterprise partnership (Lep) published a Space Action Plan, which aims to create 1,000 space technology jobs by 2025. A further 8,000 jobs could be created in related industries. By using sites such as Cornwall Airport Newquay and Goonhilly Earth Station, the space sector could be worth more than £1 billion by 2030, which is over 10% of the current local economy.
There is also a proposal to create a UK spaceport at Cornwall Airport Newquay to offer accessible, safe and low-cost horizontal launch facilities for satellite launch operations and human spaceflight from 2020. This would create an estimated 480 new jobs and contribute £25million a year to the local economy. The outcome of a funding bid to the UK Space Agency is expected to be known by the end of May.
How we did it?
The Space Action Plan was drawn up by the Lep in partnership with Goonhilly Earth Station, the South West Satellite Applications Centre of Excellence, Spaceport Cornwall, Invest in Cornwall and Cornwall Development Company. It includes (between now and 2025):
- a space science hub: This will be a space research, education and training hub focused on space science and innovation. It will address the need for specialist infrastructure, resources and services to support Cornwall’s space ambitions, and build on the success of the existing South West Centre of Excellence for Satellite Applications
- high-tech business cluster at Goonhilly Earth Station: Building on Goonhilly’s international satellite communications and data centre services to become a centre of space-focused high-tech businesses, supporting 400 jobs. Goonhilly will also be the world’s first commercial deep-space communications station, capable of tracking future missions to the Moon and Mars, thanks to a recently announced investment of £8.4million by the Lep to upgrade one of its antennas on site
- Spaceport Cornwall: a proposal to create a UK spaceport at Cornwall Airport Newquay to offer accessible, safe and low-cost horizontal launch facilities for satellite launch operations and human spaceflight from 2020, creating an estimated 480 new jobs and £25million a year for the local economy