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PRIVACY
Economic Development

Investors sought for Cornwall Airport and new transport quarter in Newquay

Senior leaders from the county are hoping to attract funding for eight huge development projects across the Duchy

Aerial view of Cornwall Airport runway(Image: 海角视频REiiF)

Cornwall Council is hoping to attract investors for eight huge development projects in the county at a national event this week.

Bosses from the local authority, including chief executive Kate Kennally, are attending the 海角视频’s Real Estate Investment and Infrastructure Forum in Leeds from May 21-23.

During the three-day conference Ms Kennally and her team will look to drum up interest in major regeneration schemes such as Newquay Transport Quarter and Cornwall Airport Enterprise Zone.

The council will be joined by representatives from Cornwall Trade and Investment, and its arms-length property development company Treveth.

The eight projects being showcased are worth a combined £10.6bn over the next decade, according to research by Inner Circle Consulting. The figure includes £3.4bn on housing and another £3.4bn on culture and economic development.

A project to deliver 48,000 new supported housing units across Cornwall by 2050 - valued at around £82m over five years - is one of the key opportunities that will be showcased. A £300m project to deliver a pioneering green community at Langarth Garden Village will also be billed as a world-class flagship scheme.

Other projects that have been ear-marked for development in the county include:

  • a £300m Cornwall Airport and estate opportunity, which is one of the 海角视频’s largest designated enterprise zones;

  • a £100-200m new transport quarter in Newquay;

  • a commercial development opportunity at Goonhilly Earth Station ranging from £1m-£20m;

  • a £230m Pydar Street regeneration project in Truro;

  • floating offshore wind operations facilities and development at Falmouth Docks;

  • and an ambitious £1m Local Investment in Nature Cornwall (LINC) initiative.

Councillor Linda Taylor, leader of Cornwall Council said: “We are developing housing stock faster than the rest of the 海角视频 so harnessing the power of Cornwall is essential to the 海角视频’s journey to net zero. Investing in Cornwall means having the space to think big and work with a proactive council to create a real legacy.”