The Good Growth Plan is the Economic Strategy for Cornwall. The plan takes a new approach. It identifies the need for Good Growth and a partnership approach.
This plan sets out Cornwall's future economic opportunities and identifies priority investments. Cornwall's economic sectors fit into three groupings:
- Distinctive
- Core
- Foundational
Distinctive sectors are those in which Cornwall has unique strengths. Core sectors are those at the heart of Cornwall's economy. Foundational sectors are the building blocks of the economy.
The sector groupings are set out below:
- Distinctive: Minerals, Renewables, Space and Marine.
- Core: Visitor Economy, Agri-Food and Creative and Cultural.
- All other sectors are deemed foundational sectors.
The plan also identifies key good growth investment opportunities across the three groupings. Investments in the 5G network, or our ports and harbours being examples. The most critical challenge remains the constrained distribution and transmission grid. Infrastructure continues to hold back the net zero potential of the Cornish economy.
Identified opportunities are set out in the table of investments:
It is ultimately our ambition for Cornwall to play a leading role in reshaping the economy of the UK over the next 10 years.
View the Good Growth Plan Executive Summary
View the full Good Growth Plan 2024-35
The evidence base for the Plan is set out in the following links:
- The State of the Economy 2023
- Cornwall Good Growth Strategy Evidence Report 1
- Cornwall Good Growth Strategy Evidence Report 2
- Cornwall Housing Needs Analysis for the Growth Strategy
Implementation of the Good Growth Plan
Cornwall Events Strategy and Action Plan
As one of the commitments from the Good Growth Plan, the Cornwall Events Strategy has been created to ensure that events have the best possible economic, social, and environmental impact for our:
- residents
- visitors, and
- businesses
Developed through consultations with event organisers, the strategy sets out how and when Cornwall Council and partners through the Economic Forum will support events of all sizes and types across Cornwall.
To implement this strategy, an action plan has been established. This involves a collaborative approach with Cornwall Council and Economic Forum stakeholders;
Cornwall Workspace Demand Assessment
The Good Growth Plan identifies workspace provision across Cornwall as an investment priority. The first step to ensuring the right workspace is in place to meet Cornwall's economic needs is to know what there is and where demand isn't met. Further analysis could forecast workspace requirements for fully achieving the Plan's objectives.
Cornwall Council commissioned BE Group and Hyas Associates to lead on undertaking a workspace demand study. Working with a number of Council teams the study considered past and current provision, as well as employment and sectoral trends.
The final report is available below. This will inform potential future investments and the ongoing development of Cornwall’s next Local Plan: