TAG Farnborough Airport has been chosen as the location for Gulfstream Aerospace Corporation’s London area service centre, with a state-of-the-art, purpose-built facility expected to be operational by the third quarter of 2020.

The new maintenance, repair and overhaul facility will include office space, customer areas, shop space and a hangar able to accommodate up to 13 large-cabin aircraft.

Significant ramp space will also be included, along with a car parking area.

The entire facility is projected to cover approximately 180,000 to 220,000 square feet.

Brandon O’Reilly, chief executive of TAG Farnborough Airport, said: “We are delighted that Gulfstream has selected TAG Farnborough Airport as the location for its new maintenance, repair and overhaul facility. We welcome this investment which will benefit the regional economy and underpin the airport’s role in supporting jobs and economic development.

“As Europe’s leading business aviation airport and a London gateway, we are well placed to meet the specific requirements of Gulfstream and its customers.”

According to Derek Zimmerman, president of Gulfstream Product Support, his company chose TAG Farnborough Airport because “it is a London gateway airport dedicated exclusively to business aviation”.

He said it was frequented by many of our operators, it offers amenities that complement his brand, with the space required for its current construction plans and future growth.

“In the last six months, we’ve announced several new maintenance, repair and overhaul facility facilities and expansions, including Van Nuys in California, Appleton in Wisconsin, Savannah, and now the United Kingdom. The growth of the Gulfstream fleet and increased size of our aircraft are driving the need for continued growth and additional capacity in our service centre network.”

Graham Stuart, Minister for Investment said: “TAG Farnborough Airport being selected as the location for the new maintenance, repair and overhaul facility facility is yet another vote of confidence in the UK’s aerospace sector, which is already responsible for 17 per cent of the entire global aerospace market.

“As an international economic department, the Department for International Trade will continue to encourage investment from overseas. Earlier this month, we launched a new online portfolio of investment opportunities worth £30bn, and in turn this will drive growth and create jobs in our economy.”

David Clifford, leader of Rushmoor Borough Council and a keen aviator, said: “As the historic home of British aviation, Farnborough is, of course, a natural location of choice for this exciting new development for Gulfstream.

“We look forward to welcoming the company to join a business community which already includes a number of global brands.”

Roy Perry, leader of Hampshire County Council, said: “Gulfstream is a worldwide brand associated with quality, and it is testament to Hampshire’s credentials as a key centre for aerospace and aviation in the UK that Farnborough has been selected as the location for this new facility.”

Enterprise M3 chairman Dave Axam added: “Gulfstream’s announcement is powerful evidence of how overseas investors see the economic strengths of our area. This inward investment from a world-class company specialising in advanced aerospace technologies is excellent news for our area and the UK.”