New European Programme officially launches

The Cornwall and Isles of Scilly Growth Programme, the European economic regeneration programme for the region, was officially launched today (29th September 2015).

Running from 2014-2020, this programme of European funding builds on the previous Objective One and Convergence Programmes. 

It is hoped that the €600m Cornwall and the Isles of Scilly have received from Europe will be match funded by both the public and private sector to make an approximate €1 billion investment package over the life of the Programme. 

The Programme is made up of three funding streams:

• European Regional Development Fund (ERDF) is worth circa €450 million

• European Social Fund (ESF) is worth circa €150 million

• European Agriculture Fund for Rural Development (EAFRD)

The EAFRD fund will have a smaller allocation of circa £10 million which

will align with the wider Cornwall & Isles of Scilly Growth Programme.

The funding will deliver smart, sustainable and inclusive growth by supporting innovation and boosting businesses.  It will support those most disadvantaged in the region to progress into work or education, improving skills and creating jobs across Cornwall and the Isles of Scilly. 

A series of community level launches will take place during the autumn where local businesses and the general public will have the opportunity to learn more about the Growth Programme and potential funding.  These will take place in the following locations:

05.10.15.  Wadebridge, Main Hall, Wadebridge Town Hall. 14:00 – 16:00

08.10.15.  Launceston, Otto Peters Room, Launceston Town Hall. 10:00 – 12:00

08.10.15.  Bude, Room 1, Parkhouse Centre. 14:00 – 16:00

12.10.15. Bodmin, Cornish Room, Bodmin Library. 10:00 – 12:00

12.10.15. Camelford, Leisure Centre. 14:30 – 16:30

22.10.15.  Isles of Scilly, Church Hall, St Mary’s.  13:00 – 15:00

23.10.15.  Liskeard, Long Room, Public Hall, Liskeard Town Council.  13:00 – 15:00

23.10.15.  Saltash, Council Chamber, Town Council, Saltash. 16:00 – 18:00

09.11.15.  St Austell, Barnes Room, White Hart Hotel. 10:00 – 12:00

09.11.15.  Newquay, Town Council Committee Room. 14:00 – 16:00

16.11.15.  Falmouth, Maritime Museum. 10:00 – 12:00

16.11.15.  Helston, The Old Cattle Market. 14:00 – 16:00

19.11.15.  Camborne, Pool, Redruth, Pool Innovation Centre. 10:00 – 12:00

19.11.15.  Truro, Haven House. 14:00 – 16:00

27.11.15.  St Ives, Greta Williams Room, St Ives Library. 10:00—12:00

27.11.15.  Penzance, Lounge Area, Workbox. 14:00 – 16:00

Councillor Julian German, member of the Integrated Territorial Investment (ITI) Board which is responsible for overseeing the Cornwall & Isles of Scilly Growth Programme, said: ‘The launch of the new European Programme is a key point in the journey towards the economic growth of our region. We will work hard with partners and applicants to ensure this round of European Union funding achieves all that it can.’

Lindsey Hall, CEO & co-founder of RIO and ITI Board member, said: ‘Good growth is at the heart of the CIOS Growth Programme; growth that is inclusive, relevant, sustainable and increases prosperity for all.’

Editor’s notes

The new Programmes will run from 2014-2020. Cornwall and the Isles of Scilly is the only area in England to qualify as a ‘Less Developed’ region. The Programme will be €603.7 million.

The new Programmes will be part of an ‘EU Growth Programme’ to be financed by European Regional Development Fund (ERDF) and European Social Fund (ESF) with a contribution from European Agricultural Fund for Rural Development (EAFRD). The Cornwall and the Isles of Scilly Local Enterprise Partnership (LEP) will have a key role in implementing and delivering the new Programmes.

ERDF €458 million

ESF €196 million    

Cornwall and the Isles of Scilly have also benefited from the Rural Development Programme for England (RDPE) and the European Fisheries Fund (EFF) during the Convergence Period.

RDPE £42 million[1]

EFF £9 million

 

Contact:

Jason Sugden

Media Relations Officer for the Convergence support team

07854 039960

jsugden@cornwall.gov.uk

Economic Development and Culture

Economy, Enterprise and Environment Directorate

Cornwall Council, 4th Floor, West Wing, New County Hall,
Treyew Road, Truro, TR1 3AY

 

Email us at: growthprogramme@cornwall.gov.uk

Visit us at: Cornwall & Isles of Scilly Growth Programme

Follow us: @GrowthProgramme



[1] £42 million has been committed on RDPE projects in Cornwall and the Isles of Scilly; additional funds could still be available, but values are, as yet, undetermined


Friday 2 October 2015