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Cornwall will receive only £18m in investment over the next three years, despite being one of the poorest parts of the UK.

Thursday, February 23, 2017 15:52
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 This is despite reassurances from Cornwall MPs that they would ‘sort it out’ and get us more.

 

The funding settlement is significantly less than the previous Growth Deal allocation given to Cornwall and falls far short of the investment required if Government is going to ensure that Cornwall does not lose out when European funding for the economy ceases as a result of the UK leaving the EU. EU funding currently provides £60m per year to develop vital local projects such as superfast broadband and business support.

 

https://cornishstuff.com/2017/02/23/growth-deal-major-disappointment-as-cornwall-will-receive-only-18m-in-investment-over-the-next-three-years-despite-being-one-of-the-poorest-parts-of-the-uk/

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