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Newquay business park funding secured

Construction of an aviation-focused business park in Cornwall will begin next month after more than £6M of funding was secured.

Business secretary Vince Cable announced that £2.3M had been invested in Aerohub @ Newquay Cornwall Airport by the Homes and Communities Agency.

A further £3.9M was secured in a grant from the European Regional Development Fund’s convergence programme. Cornwall Council is providing the land for the scheme.

Phase one of the project, which will form part of the Aerohub enterprise zone, should be complete next June. The business park will have space for more than 2,800 sq m of buildings.

Cable said: “Cornwall’s Aerohub is an excellent example of one of the 24 Government-backed enterprise zones that are driving private sector-led growth across England.

“This new funding will help develop valuable infrastructure for the new business park to attract increased investment and create more jobs for Newquay and the surrounding area.”

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