Cornwall and Isles of Scilly have been allocated £137million for local investment until March 2025. This is through the UK Shared Prosperity Fund and Rural Prosperity Fund. The Shared Prosperity Fund supports the UK Government’s wider commitment to level up all parts of the UK.
Find out about the UK Shared Prosperity FundWe're using this funding to achieve Good Growth for Cornwall and the Isles of Scilly. We're doing this by creating opportunities for communities and businesses, and providing access to new jobs and training for residents.
Investment Priorities
The Shared Prosperity Fund focusses on three broad 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. Good Growth means moving towards a net zero economy. Where jobs pay at least the Real Living Wage. Where strong communities allow everyone to start well, live well and age well.
-
Support for Local Business: Low productivity is a challenge for businesses in Cornwall and Isles of Scilly. Our Good Growth model is improving local opportunities. This is done 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: We want everyone to be able to access quality jobs. To do this we need to increase skill levels in our local workforce. Not only will this improve productivity and grow the economy. It will also give people the career and salary progression opportunities they should be able to access.
Within these priorities sit many locally-specific funding opportunities and activities.
Over 200 organisations have already benefitted from Shared Prosperity Fund investment. 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.
Information about current and future funding opportunities are also listed.
Find out more on the Good Growth website
