Council commissions work to encourage investment in Cornwall

Cornwall Council today stood by the decision to commission work which will help attract millions of pounds of investment into Cornwall.

Council Leader Adam Paynter said it was important for Cornwall to have a competitive edge to create more jobs and bring new business investment to Cornwall.

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“The reality is that Cornwall is facing a future with less EU funding post Brexit and we need to look at private sector support to secure a sustainable future for the people of Cornwall. 

“We have the second fastest-growing tech sector in the country, we’re building a world-leading aerospace industry, we’re the headquarters for huge social enterprises like the Eden Project and we have an ever growing food industry that would be the pride of many other areas of the UK. These are the assets we need to tell the world about and show why it is a good decision to invest here.

“We need to attract investment to provide well paid local jobs, grow businesses, and contribute more in business rates which will in turn help us deliver more local services and build more homes and infrastructure.”

President of Cornwall Chamber of Commerce Toby Parkins said: “International companies need a clear prospectus of what Cornwall has to offer. One of our challenges is how we move beyond the Poldark and pasties view of Cornwall to gain a competitive edge and build an identity in the way that places like the Northern Powerhouse and Hull have. We have to be innovative and outward thinking in how we do this.”

The work, which was secured through an open and competitive tender and is not yet complete, was informed by more than 126 meetings, focus groups and consultations were held with business, public agencies, councillors and council officers representing research and innovation, community and voluntary sector, environment and climate, agri-business, transport and infrastructure, tourism, culture and heritage.

The project will cost £75,000 and is co-funded by the LEP and the Council. Recommendations to create a strategic vision for Cornwall and the Isles of Scilly were considered at full Council on 6 October 2016. 

Story posted 8 November 2017