The proposed Aerohub is expected to create 2,500 in the local area, said Business Minister Mark Prisk at the Farnborough Air Show yesterday.
Based inside the Newquay Cornwall Airport (NCA), the Aerohub Enterprise zone offers aerospace companies attractive tax breaks, while planning regulations will be be eased to create further incentives to do business there.
The NCA was one of the 22 sub-regions in the UK to be awarded Enterprise Zone Status – and late last month The Cornwall & Isles of Scilly Local Enterprise Partnership (LEP) announced the first investor at the Aerohub Enterprise Zone at Newquay Cornwall Airport – the Classic Aircraft Trust. The company’s move from Coventry is set to create 33 jobs in the local area.
LEP chairman Chris Pomfret said of the move on June 28: “This [move] is evidence of how appealing the Enterprise Zone is to aviation companies because we have the right business environment and some of the best infrastructure in Europe.”