Gloucestershire Airport in England has received £15m from Gloucester City and Cheltenham Borough Councils for runway refurbishment work.
The funds will support the airport to carry out work on two runways. Gloucester City and Cheltenham Borough Councils are joint shareholders of the airport.
Gloucestershire Airport interim managing director Karen Taylor said: “The significance of this funding for Gloucestershire Airport is three-fold. First and foremost it gives us the go-ahead to deliver runway and other critical capital improvements that will boost our status as a ‘gateway for growth’ for the many significant developments being brought forward across the region.
“It will also play a vital role in realising our ambition to identify and deliver projects embracing alternative clean energy supplies and green technologies that will help reduce our carbon footprint while also underpinning our long-term commitment to attract and promote associated aviation-related environmental research and development that’s so critical to the future of the aviation and creates opportunity for everyone operating from the airfield.”
Some of the runway enhancement work includes drainage improvements, the installation of new energy-efficient LED lighting and resurfacing the main runway.
After the completion of the renovation, the airport will transfer the Meteor business park to the councils.
Earlier this month, many recommendations were agreed at full council meetings at both Cheltenham Borough and Gloucester City Councils.
In a joint statement, Cheltenham Borough Council councillor Steve Jordan and Gloucester City Council councillor Richard Cook said: ‘’The airport currently contributes around £52m annually to the local economy and plays a key role in supporting the county’s development ambitions, including the cyber development at Golden Valley and Gloucester’s digital campus, The Forum, as well as recovery from the Covid-19 pandemic.’’