The Lamba Ness peninsular in Unst will be home to the £43m spaceport, with builders set to start work in late March, after Shetland Islands Council gave the project planning permission.
Three launchpads will be built at the SaxaVord spaceport, allowing for the launch of small satellites into either polar or Sun-synchronous low-Earth orbits.
The company is aiming to launch 30 rockets a year and has set the target of seeing its first orbital launch from UK soil after the third quarter of this year.
Frank Strang, chief executive, SaxaVord Spaceport, said: “Our team will collectively do everything in its power to ensure we can deliver this historic mission for Shetland, Scotland, and the UK.”
After the initial build costs, the company is expected to spend £100m at the port in the next five years.
Planning permission allows the Scottish Government a 28-day window to review the application, with work set to start on the site once that period has ended.
Scotland...