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Spaceports predicted to create £1 billion for UK economy

Technology
18 February 2020

Tourism spaceports could contribute more than £1 billion to the UK economy each year, research suggests. 

Travelzoo META is set to launch in April

In its The Spaceport Case File, holiday cottages provider Stay in Cornwall has found three proposed spaceports in Newquay, Sutherland and Glasgow could generate an annual £1.407 billion for the country as a whole.

This is based on an average return of between £2 and £4 or every £1 invested.

However, Stay in Cornwall believe the return could rise to £12 per £1 of investment if wider impact is taken into account. 

It found a Newquay attraction has the potential to create £80 million, a Sutherland project could generate £69.2 million and a centre in Glasgow could make £320 million, based on £80 million in funding provided by Prestwick airport.