Scottish Daily Mail

Bil­lion­aire bankrolls other space­port

- By An­nie But­ter­worth Business · Space Flights · Sutherland · Scotland · Anders Holch Povlsen · Lockheed Martin · Lockheed Missiles and Space Company

SCOT­LAND’S largest pri­vate landowner is to in­vest in a space­port – af­ter op­pos­ing a sim­i­lar project near his es­tates.

Dan­ish fash­ion ty­coon An­ders Holch Povlsen, 48 – worth around £4.73bil­lion – has pledged £1.43mil­lion for the Shet­land Space Cen­tre (SSC) on the isle of Unst.

His com­pany, Wild­land Lim­ited, owns es­tates near the pro­posed Suther­land Space Hub. It lodged a pe­ti­tion for a ju­di­cial re­view this month af­ter High­land Coun­cil granted plan­ning ap­proval.

Wild­land’s sis­ter firm, Wild Ven­tures Lim­ited, now has ‘a sig­nif­i­cant mi­nor­ity in­vest­ment’ of £1.43mil­lion in the Shet­land site.

It was an­nounced last month that US aerospace gi­ant Lock­heed Martin is mov­ing its satel­lite launch ini­tia­tive to

Unst. Tim Kirk­wood, of Wild Ven­tures said: ‘We have long been sup­port­ive of the idea that the space in­dus­try can de­liver great ben­e­fits for Scot­land’s ru­ral econ­omy. What’s needed is the right de­vel­op­ment.’

SSC has ap­plied for per­mis­sion to build a ver­ti­cal launch port. CEO Frank Strang said: ‘We are com­pletely aligned [with Wild Ven­tures] in our vi­sion as to how space, science and na­ture can com­bine.’

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