Cornwall

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Cornwall Isles of Scilly Economic
ForumEuropean Programmes

• Phil McVey
• 27 November 2008

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Content

• Programmes Update
• European Regional Development Fund
• Rural Development Programme
• Key achievements
• What next?

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What is Convergence trying to achieve?

• Transforming the economy to a more knowledge
  based, high value added economy
• Increasing the range and quality of the
  employment opportunities
• Managing economic growth in a sustainable manner
• Taking a leading role in investing in the drivers
  of a low carbon economy

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ERDF Programme

• Total ERDF available 347m
• Innovation and RD 23 80m
• Enterprise and Growth 28 97m
• Transformational Infrastructure 23 80m
• Unlocking Economic Potential of Place 22 76m
• (based on Treasury forecast average
  exchange rates)

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Achievements

• Dental School RD
• Camborne Pool Redruth Delivery Team - place
• Bespoke workspace high value jobs
• Business support Business Link

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ERDF spend against target
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Rural development
European Agricultural Fund for Rural Development
Rural Development Programme for England 3.9
billion programme budget
South West Regional Implementation Plan 156.8
million for socio-economic activity including
55 million ring-fenced for the Convergence area
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RDPE in the South West

• Promoting the competitiveness of agriculture
• and forestry
• Business and Skills support mechanisms
• Livestock Support Programme
• Adding value to land based products
• Rural quality of life and diversification of the
• rural economy
• Community Led Development (7.6m awarded to
  Cornwall and IoS)

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Whats Next?

• Response to economic situation
• ERDF strategy is growth and sustainability
• Access to finance
• Digital infrastructure
• Innovation support
• Business support and workspace
• Further CUC related investment
• First annual conference

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Questions