Cornwall and Isles of Scilly were allocated £186 million for local investment between August 2022 and March 2026. This was through the UK Shared Prosperity Fund and Rural Prosperity Fund. The Shared Prosperity Fund is different approach to investment designed to empower local communities and boost economic growth.
Find out about the UK Shared Prosperity FundWe're using this funding to achieve Good Growth for Cornwall by creating opportunities for communities and businesses, and providing access to new jobs and training for residents.
Investment Priorities
The Shared Prosperity Fund focuses on three investments priorities. This is what it means for Cornwall and the Isles of Scilly:
-
Community and Place: Urban or rural. Towns, villages or islands. Our communities and places matter. To us, Good Growth means moving towards a net zero economy where jobs pay at least the Real Living Wage and strong communities allow everyone to start well, live well and age well.
-
Support for Local Business: To help unlock economic prosperity in every sector our Good Growth model will improve local opportunities by investing in infrastructure, industry and training. We’re supporting a diverse range of businesses, from start ups to established businesses and everything in between.
-
People and Skills: To bring our Good Growth ambitions to life we're investing in our skills system to meet the challenges and opportunities that have emerged through industry automation, changing workplace practices and an ageing workforce. Not only will this improve productivity and grow the economy, it will give people the career and salary progression opportunities they should be able to access.
Over 900 investments have been made through Shared Prosperity Fund since 2022. The Good Growth website contains details of all the organisations and the projects they are delivering. It also has the latest news from the programme.
Find out more on the Good Growth website
