Councillors have formally accepted a bid for the sale of Gloucestershire Airport, marking a significant milestone in the future of the site.

The successful bidder, who offered more than the £25 million guide price, will be publicly named once all relevant parties involved in the transaction have been notified. The buyer is described as being strongly committed to the ongoing operation and development of the airport and is keen to expand the site’s business parks and attract new investment.

Jointly owned by Cheltenham Borough and Gloucester City Councils, Gloucestershire Airport was put on the market in October 2024. The preferred bidder was approved by Gloucester City Council at a full council meeting on 26 June 2025. Cheltenham Borough Council’s leader, Councillor Rowena Hay, had delegated authority to finalise the decision on behalf of her council.

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Councillor Rowena Hay, leader of Cheltenham Borough Council, said: "This week marks a really positive milestone as we have been able to formally agree on a preferred bidder for the sale of the airport. Whilst we cannot name the bidder for the moment, for reasons relating to commercial confidentiality, we are really excited for what’s in store for the site. There is so much opportunity to build on the airport’s successes and we have every confidence that the new owner will really invest and unlock the potential for this site."

Councillor Jeremy Hilton, leader of Gloucester City Council, added: "The decision of the city council to agree to the sale of Gloucestershire Airport, was the correct one to make. The airport's long-term future is dependent on the private investment the new owners will make into the aviation infrastructure at Staverton. Both councils have carried out a robust assessment of the bids and we have agreed on the preferred owner. It will ensure that Gloucestershire Airport continues to be the premier general aviation airport in the country."