Take advantage of EU funding for local businesses

Today I urged local businesses to make use of the significant levels of EU funding available to support their growth, help boost the economy and create jobs.

The Government is honouring its commitments and delivering the EU funding that Cornwall would have received if the country had voted to remain.

Local businesses can access this funding and the fantastic support on offer to help them flourish, boost our economy and create jobs.

It’s important to get the message out so that local people are aware of the opportunities available for financial and expert support.

EU funding programmes are open for applications and tens of millions of pounds has already been allocated.

The Cornwall and Isles of Scilly Growth Programme is the European economic regeneration programme for the region.

Running until 2020, it is helping to deliver smart, sustainable and inclusive growth.

So far it has committed £170million European Regional Development Fund (ERDF) funding, with £103million unallocated and available.

Further funding will be made available to support businesses later this year, as well as funding for community-led local development programmes using European Agricultural Fund for Rural Development (EAFRD).

Projects being delivered include:

  • Supporting plans to turn the A30 Carland to Chiverton Cross, north of Truro, into a dual carriageway to cut traffic jams, improve safety, contribute to economic growth and job creation.
  • The Aerohub Enterprise Zone next to Cornwall Airport Newquay addresses a lack of high-quality employment space in the county that is a barrier to growth.
  • Business Investment for Growth II has helped create 417 new jobs over the three years from May 2012 to June 2015. It works with Cornwall Growth Hub and partners to identify and co-invest by way of non-repayable grants in businesses that have the will and capability to grow.

Businesses can also access information and support from experts via the Cornwall and Isles of Scilly Growth Hub.