The Government has today announced that Cornwall and the Isles of Scilly are to receive £18.03 million of investment from its Local Growth Fund, which was set up to devolve funding to the English regions for projects that create jobs and economic growth.
The launch of the Government’s Industrial Strategy consultation paper is a clear signal that the approach to economic growth is changing, and the catalyst is Brexit.
There are a few events that could vie for the title of most seismic in 2016, and although some might say that the US election result ‘Trumped’ Brexit in the UK, it is the vote to leave the EU that will be most keenly felt here.
When Chancellor Philip Hammond delivers his first Autumn Statement on 23rd November 2016, Local Enterprise Partnerships up and down the country will learn what share of the £1.8 billion Local Growth Fund they can expect to receive for their respective areas’ Growth Deals.
Ever since the June 23 Referendum vote, the future of EU funding in Cornwall and the Isles of Scilly has been in the balance.
The referendum leave vote has thrown a spotlight on whether Cornwall and the Isles of Scilly will retain the £458 million of EU funding that we have been allocated between 2014 and 2020.
Of all the headlines this week about Cornwall’s potential to host the UK’s first commercial spaceport, my favourite has got to be from the Sun: ‘Blast ooh-arf! UK’s first Spaceport may be in Newquay’.
Cornwall Business Week is a good opportunity to recap on some of the recent developments around business support now available in Cornwall and the Isles of Scilly.
Since becoming LEP chair at the start of the year I have spoken with many businesses on our patch. I am impressed by the energy and collective will to grow our economy, and the exciting developments that will nurture our business stock and our people.
I have chosen to start my autumn blog not with my own words, but those of someone else: “It’s great to see so many Cornish businesses confidently planning for the future. Today, Cornwall is on the up.”