UK Space Agency and Cornwall Council intend to make available up to £20 million for Spaceport Cornwall

The UK Space Agency and Cornwall Council intend to make available up to £20 million for Spaceport Cornwall and US launch operator Virgin Orbit to develop facilities and operational capabilities that would enable small satellite launch from Cornwall in the early 2020s. This investment remains subject to business case approval processes, including from Cornwall Council later this year.

The funding would consist of up to £12 million from Cornwall Council and up to £7.85 million from the UK Space Agency, including a contribution of £0.5 million from the Cornwall and Isles of Scilly Local Enterprise Partnership.

Spaceport Cornwall could create 150 jobs and enable the UK to compete for a share of the global market for launching small satellites worth a potential £3.9 billion to 2030. Launch from the UK will be an opportunity to inspire children and young people to take up careers in science, engineering or even as space entrepreneurs.

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