Pirate FM News

Keep up to date with the latest news delivered direct to your Inbox.

Millions More EU Aid for Cornwall

news_money_exchange.jpg
Delicious Submit this page to reddit

8:00am 18th March 2012

Cornwall stands to receive hundreds of millions pounds more aid from Europe.

It is because our economy has not grown enough over the last five years. That means the Duchy can not move up to be a "transition region". Officials are blaming economic downturn.

In the past decade, cash has been used on projects like on superfast broadband, Newquay Cornwall airport and Hayle's Wave Hub.

Richard Glover, Chief Executive of Cornwall Chamber of Commerce, is hoping the next round of cash will be targeted at small businesses, "If you want small businesses to grow, invest directly in them. Don't offer them a nice programme, don't offer them a Wave Hub that might deliver them business at some point in twenty-five years, but actually invest in their growth directly.

"We really ought to begin to look at some of the rail infrastructure. We need to do the big things, so that small businesses can then exploit the opportunity that comes, rather than fiddle around with more mentors and more advisors and that kind of stuff."

Chris Ridgers, the Council's portfolio holder for economy and regeneration, is not surprised by the latest figures, "Given the excellent investments we have made in Cornwall and the Isles of Scilly, we had hoped that our economy would have been resilient enough to take us above the 75% level, however the depths of the economic recession have had a significant impact.

"There is no easy fix for the economic challenges we now face but the investments we have made have laid the foundation for future growth.

"Despite this new data, analysis shows that the economy of Cornwall and the Isles of Scilly is more resilient than that of other European regions and has performed better than other places over this time. Apart from inner London no other area in the UK saw an increase over this period."

8:00am 18th March 2012

Share This Story

Delicious Submit this page to reddit
Suggested articles
road repair

WATCH: Where In Cornwall Is Getting New Road Schemes

It is down to a £3 million funding boost

A30 Bolventor

A30 Crash In North Cornwall

Firefighters from Bodmin and Launceston got the shout

Most read
lanner fire

UPDATE: House Fire Near Redruth

Smoke was seen billowing from building in Lanner

a39 Trispen

Bus Crash On Busy Cornish Road

It happened on the A39 near Trispen

Top articles

UPDATE: House Fire Near Redruth

Cornwall News: Smoke was seen billowing from building in Lanner

Pirate FM Cornwall News Update - 7th January 2016

Cornwall Video News: Officials say they’re holding talks to find new jobs for hundreds of workers in Bodmin.

Boy, 2, dies after being found in river

National News: A two-year old boy has died, after being recovered from a river.

VIDEO: Cats Die From 'Anti-Freeze Poisoning'

Cornwall News: Vets warn others are missing in Camborne and Redruth

Drive my car: Beatles star George Harrison's Porsche being auctioned

Showbiz News: A rare black Porsche 928 once owned by Beatles guitarist George Harrison is being put up for auction.

The curious case of President Trump and the 'Swedish incident'

World News: Donald Trump has left many scratching their heads after referring to a non-existent incident in Sweden.

Swim legend Grant Hackett found 'safe and well' after missing fears

Sports News: Aussie swimming star Grant Hackett has been found safe and well after going missing, according to his father.

What makes women good dancers? Study finds it is all in the hips

Strange News: Researchers may have discovered the secret to turning heads as a woman on the dance floor - and it turns out it is all in the hips.

Newer article

Veterans Help Jobless

Cornwall News: Initiative helps over fifties find work

Older article

St Mawes Gets Own Monopoly Board

Cornwall News: Roseland village becomes the smallest place in the world to be immortalised

Cornwall's Pirate FMPirate Extra Footer LogoEscape to Cornwall radioLoveCornwall.com - The Cornish Business DirectoryPirate Education and Training

 

© Copyright Pirate FM

Pirate FM cannot be held responsible for the content of external links.