Aerospace firm explores sale for long-term future

An aerospace company says it has been "exploring options" for its long-term future, including selling the business.

Marshall Group announced plans in 2019 to leave Cambridge Airport, with thousands of homes set to be built on the site.

The company was founded in 1909 and had planned to relocate to Cranfield University's base in Bedfordshire, but the move was deemed "no longer affordable" last year.

"We have been exploring options to secure the best possible long-term future for the Aerospace business, which has included discussions with a shortlist of highly committed potential buyers," a spokesperson said.

In 2020 the company signed an option agreement providing it with "the right to take a 150-year lease" at Cranfield Airport.

It previously sold land for the Marleigh estate, developed with The Hill Group, and owns about 460 acres at Cambridge Airport.

A spokesperson added: "Marshall has been going through a wider, deliberate transition as a group, with a longstanding plan that Marshall Aerospace would relocate from the Cambridge site.

"Our focus throughout has been on ensuring a stable and sustainable future for the business, its people and its operations."

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