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
west cornwall hospital

Cornwall hospital gets £2 million investment

It will be used to upgrade digital equipment

penzance prom

'Red flare' sparks huge sea search off Cornwall

Warning issued after rescuers found nothing

Most read
shortlanesend crash

UPDATE: Car flips over in Cornwall crash

One man was taken to hospital as a precaution

firefighters and parking 1

PHOTOS: Fire crews struggle to get down Cornish street

It's sparked a parking appeal... and not for the first time!

Top articles

WATCH: Mum warns about pregnancy virus

Cornwall News: CMV left Sevva from Mitchell with seizures and cerebral palsy

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.

Eurosceptic MPs 'particularly unbalanced', says former Vote Leave campaigner

National News: Dominic Cummings, the man who masterminded Vote Leave's winning strategy, has described the MPs he worked with as "particularly unbalanced."

UPDATE: Body found on popular Cornish beach

Cornwall News: Police say death at Watergate Bay 'isn't suspicious'

The OC star Rachel Bilson is 'always open' for a reunion

Showbiz News: The OC star Rachel Bilson has reignited hopes for a show reunion by saying she is open to the idea.

More than 100 killed in Pakistan tanker crash

World News: More than 100 people have been killed after an oil tanker flipped over and burst into flames on a highway in Pakistan.

Southampton appoint Mauricio Pellegrino as new manager

Sports News: Southampton have appointed Mauricio Pellegrino as their new manager on a three-year deal.

Top South African ultra-marathon runner Bruce Fordyce robbed of trainers at gunpoint

Strange News: A top South African athlete has been mugged at gunpoint while out on his morning run.

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.