In September 2019, the Government invited 101 places across England to each apply for up to £25m funding. This funding is to encourage economic regeneration across the regions. Read further information on the town fund prospectus.
Four of the places identified as part of this initiative are towns in Cornwall:
- Camborne
- Penzance
- Truro
- St Ives
The focus of the regeneration is on
- Urban regeneration
- Planning and land use
- Skills and enterprise infrastructure
- Connectivity (both physical and digital)
In September 2022, the UK Government released the first £18.3m of the £88.7m Town Deal funding to deliver regeneration plans, boost the economy, revitalise town centres and improve the connectivity of the four areas. Find out more about the announcement of the first stage of funding in Cornwall.
Cornwall Council, as local programme lead, is in the process of issuing grants funding agreements to the organisations leading on the projects. Over half of the projects in the programme have now received their first grant payment.
The Town Deal funding allocated to Cornwall will support over 30 projects, to be delivered by a variety of private, public and voluntary organisations, across the four towns by March 2026.
What is a Town Deal?
A Town Deal is an agreement in principle between government, the Lead Council and the Town Deal Board. It sets out a vision and strategy for the town, and what each party agrees to do to achieve this vision. Cornwall Council is the Lead Council for the Town Deals programme in Cornwall.
Each of the four towns has established a dedicated Town Deal Board, comprising representatives from;
- Government
- Cornwall Council
- Town/Parish Council
- Other stakeholders from local business and enterprise
Town Investment Plans
Following the launch of the Towns Fund by Government, the Town Deal Boards submitted their Town Investment Plan in January 2021. The Town Investment Plans outline the projects that each town wishes to implement. This is in consideration of their specific requirements for growth and regeneration.
The Town Deal Boards consulted with residents and businesses and worked in collaboration with Cornwall Council to create their Town Investment Plan
Please find a link to the Town Investment Plans below.
Timeline
Summer 2021
The Government announced up to £88.7m Town Deal funding to Cornwall following the review of the Town Investment Plans.
As a result, the projects proposed in the four Town Investment Plans were asked by the Government to submit their individual Business Case to Cornwall Council.
A business case provides further details on the project before it can be approved, this includes its costs, how it will be managed and its impact. A Business Case is used to demonstrate that the project is feasible and financially viable. As Lead Authority for Cornwall, Cornwall Council’s role is to assess each project’s Business Case. Once approved the Town Deal Boards review and sign off the final projects.
September 2022
The government reviewed and approved the Business Cases and released the first £18.3m of the £88.7m Town Deal funding to Cornwall Council.
Following this, Cornwall Council started issuing the Grant funding Agreements in November 2022 to allow projects to progress with their next phase of delivery.
2023
Public consultations and events took place across the four towns to present the project proposals to the public. Construction also started on a few projects.
The projects vary in size and complexity. Consequently, they are being delivered at different pace until the end of the Town Deal funding programme in March 2026.
2024
While a number of the projects are about to start construction this year, a number of other projects are working on submitting planning applications or recruiting staff and contracting builders. Some others are continuing to seek additional funding to match the Town Deal investment.
2025 – Construction Phase
Next year, a number of the smaller scale projects will be finished and opening their doors. Others will be in construction and getting ready for completion by March 2026.
You can find more information about each Town Deal by visiting their dedicated websites below:
Visit Camborne Town Deal website
Visit Penzance Town Deal website
Visit St Ives Town Deal website
Grants for Businesses
As part of the Town Deals programmes, a number of business grants are now available across Camborne, St Ives and Penzance for a range of capital investments. Find out more about the eligible costs, value of the grants and how to apply on their respective webpages.
Grants for businesses in Camborne
Camborne Business Improvement District leads on the Project Avoid-2 as part of the Camborne Town Deal programme. Applications for the Round 2 of their business grants is now open for application. Find out more here: Camborne BID
Grants for businesses in Penzance
Cornwall Council is leading on the Enterprise Grants Fund as part of the Penzance Town Deal Fund programme.
Applications are open for applicants seeking larger grants (between £50,001 and £250,000). Find out more information on how to apply for Penzance Town Deal Enterprise Grants.
Application for round 2 of grants between £2,500 and £50,000 closed on 22 January 2024. The Fund team are now appraising the projects and issuing contracts to the successful applicants.
Grants for businesses in St Ives
Cornwall Council is leading on the Enterprise Grants Fund as part of the St Ives Town Deal Fund programme. Applications are open for applicants seeking larger grants (between £50,001 and £150,000). Find out more information on how to apply here: St Ives Town Deal Enterprise Grants
Applications for round 2 of grants between £2,500 and £50,000 closed on 06 November 2023. The fund team are now appraising the projects and issuing contracts to the successful applicants.
Town Boundary Maps
- Camborne Investment Plan Boundary
- Penzance Investment Plan Boundary
- St Ives Investment Plan Boundary
- Truro Investment Plan Boundary
All Town Deal Board members have signed up to a code of conduct. This is based on the Seven Principles of Public life (the Nolan Principles).
Each Member of the Town Deal Boards is required to provide a Declaration of Interest form, these are available on request. Members also declare interests at the beginning of each Board meeting, this information can be found within the Board meeting minutes.
View the Seven Principles of Public Life
Town Deal documents
Publicity and Branding Agreement
Please see below for documents relating to the town deal including:
- codes of conduct
- terms of reference
- agenda
- minutes
Camborne Town Deal Agendas
- Camborne Town Deal Board agenda, 19 February 2025
- Camborne Town Deal Board agenda 21 March 2022
- Camborne Town Deal Board agenda, 10 December 2024
- Camborne Town Deal Board agenda 10 October 2024
- Camborne Town Deal Board agenda 23 May 2024
- Camborne Town Deal Board agenda 8 February 2024
- Camborne Town Deal Board agenda 30 November 2023
- Camborne Town Deal Board agenda 28 September 2023
- Camborne Town Deal Board agenda 25 May 2023
- Camborne Town Deal Board agenda 3 March 2023
- Camborne Town Deal Board agenda 9 December 2022
- Camborne Town Deal Board agenda 23 September 2022
- Camborne Town Deal Board agenda 20 June 2022
- Camborne Town Deal Board Extraordinary agenda 29 April 2022
- Camborne Town Deal Board agenda 7 February 2022
- Camborne Town Deal Board agenda 1 November 2021
Camborne Town Deal Minutes
- Camborne Town Deal Board minutes, 10 December 2024
- Camborne Town Deal Board minutes 10 October 2024
- Camborne Town Deal Board minutes 8 February 2024
- Camborne Town Deal Board minutes 13 December 2021
- Camborne Town Deal Board minutes 30 November 2023
- Camborne Town Deal Board minutes 28 September 2023
- Camborne Town Deal Board minutes 25 May 2023
- Camborne Town Deal Board minutes 23 March 2023
- Camborne Town Deal Board minutes With Appendix 23 March 2023
- Camborne Town Deal Board minutes 3 March 2023
- Camborne Town Deal Board minutes 9 December 2022
- Camborne Town Deal Board minutes 23 September 2022
- Camborne Town Deal Board minutes 20 June 2022
- Camborne Town Deal Board Extraordinary meeting minutes 29 April 2022
- Camborne Town Deal Board minutes 21 March 2022
- Camborne Town Deal Board minutes 7 February 2022
Camborne Town Deal terms reference and code of conduct
Penzance Town Deal Agendas
- Penzance Town Deal Board agenda 5 December 2024
- Penzance Town Deal Board agenda 1 October 2024
- Penzance Town Deal Board agenda 22 May 2024
- Penzance Town Deal Board agenda 19 February 2024
- Penzance Town Deal Board agenda 21 November 2023
- Penzance Town Deal Board agenda 18 May 2023
- Penzance Town Deal Board agenda 2 March 2023
- Penzance Town Deal Board agenda 24 November 2022
- Penzance Town Deal Board agenda 29 September 2022
- Penzance Town Deal Board agenda 13 June 2022
- Penzance Town Deal Board Extraordinary meeting agenda 23 May 2022
- Penzance Town Deal Board Extraordinary meeting agenda 9 May 2022
- Penzance Town Deal Board agenda 14 March 2022
- Penzance Town Deal Board agenda 31 January 2022
- Penzance Town Deal Board agenda 06 December 2021
Penzance Town Deal Minutes
- Penzance Town Deal Board minutes 5 December 2024
- Penzance Town Deal Board minutes 1 October 2024
- Penzance Town Deal Board minutes 22 May 2024
- Penzance Town Deal Board minutes 19 February 2024
- Penzance Town Deal Board meeting minutes 21 November 2023
- Penzance Town Deal Board minutes 21 September 2023
- Penzance Town Deal Board minutes 18 May 2023
- Penzance Town Deal Board minutes 2 March 2023
- Penzance Town Deal Board minutes 2 February 2023
- Penzance Town Deal Board minutes 24 November 2022
- Penzance Town Deal Board minutes 29 September 2022
- Penzance Town Deal Board minutes 13 June 2022
- Penzance Town Deal Board minutes 23 May 2022
- Penzance Town Deal Board minutes 9 May 2022
- Penzance Town Deal Board minutes 14 March 2022
- Penzance Town Deal Board minutes 31 January 2022
- Penzance Town Deal Board minutes 6 December 2021
Penzance Code of Conduct and Terms of Reference
- Code of Conduct For Penzance Town Deal Boards 10th March 2020
- Penzance Newlyn Town Investment Plan
- Penzance TD Board Revised Tor
- Penzance Enterprise Grant Scheme Applicant Handbook Final
St Ives Town Deal Agendas
- St Ives Town Deal Board agenda 26 November 2024
- St Ives Town Deal Board agenda 17 September 2024
- St Ives Town Deal Board agenda 14 May 2024
- St Ives Town Deal Board agenda 27 February 2024
- St Ives Town Deal Board agenda 23 November 2023
- St Ives Town Deal Board agenda 19 September 2023
- St Ives Town Deal Board agenda 16 May 2023
- St Ives Town Deal Board agenda 28 February 2023
- St Ives Town Deal Board agenda 13 September 2022
- St Ives Town Deal Board agenda 14 June 2022
- St Ives Town Deal Board agenda 3 May 2022
- St Ives Town Deal Board agenda 15 April 2022
- St Ives Town Deal Board agenda 1 February 2022
- St Ives Town Deal Board agenda 7 December 2021
St Ives Town Deal Minutes
- St Ives Town Deal Board draft minutes, 17 September 2024
- St Ives Town Deal Board Ext. meeting minutes 8 August 2024
- St Ives Town Deal Board minutes 14 May 2024
- St Ives Town Deal Board minutes 27 February 2024
- St Ives Town Deal Board minutes 23 November 2023
- St Ives Town Deal Board minutes 19 September 2023
- St. Ives Town Deal Board minutes 16 May 2023
- St Ives Town Deal Board minutes 28 February 2023
- St Ives Town Deal Board minutes 22 November 2022
- St Ives Town Deal Board minutes 13 September 2022
- St Ives Town Deal Board minutes 14 June 2022
- St Ives Town Deal Board minutes 3 May 2022
- St Ives Town Deal Board minutes 15 March 2022
- St Ives Town Deal Board minutes 1 February 2022
- St Ives Town Deal Board minutes 7 December 2021
- St Ives Town Deal Board minutes 2 November 2021
- St Ives Town Deal Board minutes 14 September 2021
- St Ives Town Deal Board minutes 18 May 2021
St Ives Code of Conduct and Terms of Reference
Truro Town Deal Agendas
- Truro Town Deal Board agenda, 21 November 2024
- Truro Town Deal Board agenda, 26 September 2024
- Truro Town Deal Board agenda 9 May 2024
- Truro Town Deal Board agenda February 2024
- Truro Town Deal Board agenda 16 November 2023
- Truro Town Deal Board agenda 14 September 2023
- Truro Town Deal Board agenda 11 May 2023
- Truro Town Deal Board agenda 23 February 2023
- Truro Town Deal Board agenda 24 November 2022
- Truro Town Deal Board agenda 16 September 2022
- Truro Town Deal Board agenda 16 June 2022
- Truro Town Deal Board Extraordinary meeting agenda 27 March 2022
- Truro Town Deal Board agenda 17 March 2022
- Truro Town Deal Board agenda 3 February 2022
- Truro Town Deal Board agenda 9 December 2021
Truro Town Deal Minutes
- Truro Town Deal Board Minutes 21 November 2024
- Truro Town Deal Board minutes 26 Sept 2024
- Truro Town Deal Board minutes 3 February 2022
- Truro Town Deal Board minutes 9 May 2024
- Truro Town Deal Board minutes 29 Feb 2024
- Truro Town Deal Board minutes 16 November 2023
- Truro Town Deal Board minutes 14 September 2023
- Truro Town Deal Board minutes 28 June 2023
- Truro Town Deal Board minutes 11 May 2023
- Truro Town Deal Board minutes 23 February 2023
- Truro Town Deal Board minutes 24 November 2022
- Truro Town Deal Board minutes 16 September 2022
- Truro Town Deal Board minutes 16 June 2022
- Truro Town Deal Board Extraordinary meeting minutes 27 April 2022
- Truro Town Deal Board minutes 17 March 2022
- Truro Town Deal Board minutes 9 December 2021
- Truro Town Deal Board minutes 4 November 2021
Truro Code of Conduct and Terms of Reference