The MP for St Austell & Newquay, Stephen Gilbert, has welcomed the launch of the Government's new Enterprise Zone Infrastructure Fund. The £60m fund will provide capital finance to unlock stalled, delayed and future build plans at the zones.
Cornwall's Enterprise Zone, at Newquay Cornwall Airport, has announced that they will bid for funding to develop crucial roads, services and other infrastructure needed for the business park; for hangers and other business premises; and for a new state-of-the-art technical skills centre.
Commenting, Stephen said:
"Cornwall is in a unique position to harness the huge potential of the £20 billion Aerospace industry. Just last week, I led Rt Hon Danny Alexander MP (The Chief Secretary to the Treasury) on a tour of the Enterprise Zone and heard from local stakeholders about the challenges that the Aerohub faces and the support that the Treasury can offer.
"This new funding stream has the potential to give the Enterprise Zone a big boost and get these vital infrastructure projects off the ground. I've been delighted to support the Aerohub as it's gone from bid to reality, and I will continue to work closely with the Local Enterprise Partnership and Cornwall Development Company as they grow this project and bring hundreds of new jobs to our community."