The Towns Fund is a £3.6 billion fund for towns across the UK to support local economic growth.
Penzance and St Ives are two of 101 towns nationally, and 4 in Cornwall, that have secured Town Deal Funding. Cornwall Council is the Lead Authority for the Town Deals programme in Cornwall. We support the governance of the Town Deal Boards in both towns.
Further information about other Town Deal activity in both St Ives and Penzance can be found on their individual websites
The Town Deal Enterprise Grants will support Small and Medium Sized businesses. It will provide capital grants to encourage business start-ups and scale ups.
This growth and development will provide new opportunities, jobs and stronger supply chains.
Each town has a bespoke offering.
St Ives
Due to high levels of uptake the St Ives Town Deal Enterprise Grant Scheme is currently Closed.
Please follow the link below to show the current list of live approved projects.
View St Ives live approved projects
Penzance
Due to high levels of uptake the Penzance Town Deal Enterprise Grant Scheme is currently Closed. The full budget allocation has been allocated to 54 live projects. View Penzance live approved projects
Please follow the link below to show the boundary area for Penzance Town Deal. Your project must be located within the boundary in order to be eligible for support.View the Penzance Investment Plan Boundary
Aims of the Enterprise Grant Scheme
- To support Penzance and its business community to adapt to a changing economic environment caused by global and national issues. Awarding capital grants to businesses to enable them to adapt and grow in their operations.
- Investments in high street businesses to improve vibrancy in the town centre
- To support new start-ups, scale ups and businesses who want to diversify their offering into new growth sectors
- To support individual businesses to develop and grow to achieve sustainable growth and create new employment for local people
- Reducing the number of empty / underused premises through investment to enable them to be brought back into use.
- To add value to other Town Improvement Plan projects by supporting businesses which in turn will engage with TIP projects