Falmouth News
Cornwall will get £3million from the Gov to replace the £100m it would get from the EU
falmouthpacket.co.uk/news/19571108.…
Cornwall will get £3million from the Gov to replace the £100m it would get from the EU
falmouthpacket.co.uk/news/19571108.…
Prior to Brexit Cornwall had qualified for funding from the EU due to it being recognised as one of the poorest regions in Europe.
(...) receiving £100m a year for economic stimulus / projects for employment and skills to infrastructure.
(...) receiving £100m a year for economic stimulus / projects for employment and skills to infrastructure.
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"Prime Minister Boris Johnson has previously stated that Cornwall would not miss out on any funding that it would have received if the UK had remained in the EU."
However it has been revealed that the Shared Prosperity Fund (SPF) – which has been put forward as the 👇
"Prime Minister Boris Johnson has previously stated that Cornwall would not miss out on any funding that it would have received if the UK had remained in the EU."
However it has been revealed that the Shared Prosperity Fund (SPF) – which has been put forward as the 👇
mechanism to provide that replacement funding – will not fully start until 2022 and that the pilot scheme, the Community Renewal Fund (CRF), worth £220m for the whole of the country will only allow local authorities to bid for a maximum of £3m.
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Cornwall Council is set to bid for the full £3m allowed, but there is not enough cash to fulfil that for every council so some councils may get less or nothing at all."
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