Burges Salmon advises Peter Hargreaves on £24m Goonhilly Earth Station investment

Burges Salmon has advised longstanding client Peter Hargreaves on his £24 million investment in Cornwall’s satellite tracking Goonhilly Earth Station.

14 May 2018

Led by Chris Godfrey, the Burges Salmon team provided Mr Hargreaves with a range of legal advice in specialist areas including real estate, employment, banking and technology.

Since 2014 the Goonhilly Earth Station site has been owned by Goonhilly Earth Station Limited (GES), a privately held company founded by technology entrepreneur Ian Jones. Since acquiring the facility from BT, GES has invested £5 million in rejuvenating the site and has seen a resurgence and has progressed many new-era space exploration and commercial communications projects for a diverse range of customers.

Goonhilly provides spacecraft tracking and monitoring services to many of the world’s largest satellite operators. The company recently announced an £8.4m contract with the European Space Agency (ESA), which will see it become the first private operator in the global Deep Space communication network. This new private investment will allow GES to expand further to create its own, fully independent, global Deep Space Network. In addition, working with Surrey Satellite Technology Ltd and ESA, the company plans a privately funded mission to the Moon, providing communication relay and navigation services to other lunar missions.

Key contact

Chris Godfrey

Chris Godfrey Partner

  • Corporate
  • Funds and Asset Management
  • Financial Services

Subscribe to news and insight

Burges Salmon careers

We work hard to make sure Burges Salmon is a great place to work.
Find out more