Businesses in Cornwall invited to bid for prosperity funding

Businesses, community organizations, public bodies and partnerships which can deliver positive and sustainable outcomes for Cornwall and the Isles of Scilly are being invited to apply for the first opportunities for funding from the £132m Shared Prosperity Fund (SPF).

To secure the funding they must show their projects can drive ‘good growth’ in the region such as creating more skilled jobs, delivering greener and more inclusive work opportunities and investing in communities and places.

A new Economic Prosperity Board made up of councilors from Cornwall Council and the Council of the Isles of Scilly will consider the applications.

Advice and support to applicants will be offered through the Good Growth team hosted by Cornwall Council, to help potential applicants make their funding bids.

There are seven funding categories for projects to be targeted towards in the first round of funding:

  • Strategic Business, Enterprise and Research and Development Infrastructure (£18.7m)
  • Town, Rural and Coastal High Street Development and Skills Program (£4.4m)
  • Cultural Events and Talent Program (£4.4m)
  • Culture / Heritage-led Regeneration and Skills (£10.82m
  • Community Skills Hubs (£5.198m)
  • Community Connectivity and Digital Inclusion (£1.5m)
  • Multiply numeracy program (£0.496)

Councilor Louis Gardner, Cornwall’s portfolio holder for economy, said: “We are encouraging everyone who would like to help us deliver good growth in Cornwall and the Isles of Scilly to fill in the funding inquiry form on our website

“Any organization can apply, as long as you can show that you can deliver good growth against the criteria that is set out in each funding category.

“There will be support and advice from our Shared Prosperity Fund team to make sure that each inquiry is directed to the right part of the program.”

Councilor Barbara Ellenbroek, Cornwall’s portfolio holder for children and families, said: “Whether you’re young or old we want to make it easier for residents both in work and out of work to access opportunities to improve their skills or take up new ones.

“Not only in our emerging areas such as renewable energy, the aerospace sector, technology, metals, digital and creative industries, but also in areas of high vacancies such as care and hospitality.

“If you think you can create new learning and skills opportunities that could benefit from this new funding, please get in touch and tell us your ideas.”

Deadlines for this first tranche of project applications range from September 2 to 16 depending on the funding category.

There will also be further opportunities for applications in 2023/24.

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