The European Commission has approved a £24.3m grant for the redevelopment of Newquay Cornwall International Airport in the UK.
The grant was needed following the airport's conversion from a partial military base to a fully civilian airport deemed beneficial to the development of the Cornwall area.
The commission has already approved €22.5m for the project.
The amount approved will be used for the development of the airport's new terminal, aviation training centre and business park in the next two decades.
In addition to building and refurbishing hangars to attract aircraft maintenance and recycling businesses, the airport also plans to construct a four-star hotel, and a conference and exhibition centre.
The project also aims to improve public transport and car hire services, and to increase parking spaces.
The redevelopment work will increase the passenger handling capacity by 400% to 1.4 million passengers annually.