The SaxaVord spaceport project on Unst in Shetland has secured £30m in investment from the UK Government, supporting plans for the site to be used for small commercial rocket launches.
SaxaVord is located on Unst, the northernmost point in the UK. Several companies hope to use the site as a launch base for small commercial rockets.
The government investment represents a significant financial commitment to the Shetland spaceport project, although the supplied information does not specify how the funding will be allocated or when launches are expected to take place.
The latest position is that SaxaVord is being developed as a potential launch site, with several companies interested in using it for commercial rocket operations.
