Investors sought for Cornwall Airport and a new transport hub in Newquay

Cornwall Council hopes to attract investors to eight huge development projects across the county at a national event this week.

Local government bosses, including chief executive Kate Kennally, will attend the British Real Estate Investment and Infrastructure Forum in Leeds from May 21 to 23.

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

The council will be assisted by representatives from Cornwall Trade and Investment and its property development company Treveth.

According to research from Inner Circle Consulting, the eight projects on display are worth a combined £10.6 billion over the next ten years. The figure includes £3.4 billion on housing and a further £3.4 billion on culture and economic development.

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

Other projects earmarked for development in the province include:

  • a £300m Cornwall Airport and property opportunity, one of Britain’s largest designated enterprise zones;

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

  • a commercial development opportunity at Goonhilly Earth Station ranging from £1 million to £20 million;

  • a £230 million regeneration project on Pydar Street in Truro;

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

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

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