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The 5 key priorities for investment.
 
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PostPosted: Tue Apr 24, 2007 7:44 pm    Post subject: The 5 key priorities for investment. Reply with quote

The Single Programming Document or SPD contains five Priorities - key areas for investment
through which the Structural Funds will be allocated. These are:

1. Priority one SME and Micro Business Support
To help Small & Medium Enterprises (SMEs) by providing new or improved business premises, advice and information, small grants, loan and venture capital schemes, support for agricultural product processing and marketing, encouraging new business start ups and the development of business with growth potential and providing employees with training and new skills.

2. Priority two Strategic Spatial Development
To invest in key towns, industrial sites, communications and transport infrastructure that will aid the growth and development of both large and small businesses and create more employment opportunities.

3. Priority three Developing People
To invest in learning and training opportunities to help people increase their skill levels, become more employable, find a job or make progress within their existing employment. It will particularly help those groups who are currently disadvantaged in the labour market and will increase the participation of women.

4. Priority four Community Economic Development and Rural Structural Assessment
To help social inclusion and provide support for communities with high numbers of jobless people through improving community facilities in towns and villages, training, capacity building and support for community businesses. It will also assist the adjustment and adaptation of communities dependent on agriculture and fishing.

5. Priority five Regional Distinctiveness
To help develop economic benefits from the arts, cultural and heritage industries and the natural environment of Cornwall and the Isles of Scilly. It will also help finance the development of new higher education and learning opportunities in the area and help Cornwall and the Isles of Scilly take advantage of the knowledge-driven economy.
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PostPosted: Fri Aug 24, 2007 9:43 am    Post subject: Reply with quote

Objective One - some background details

Objective One funding in Cornwall

Cornwall didn't originally qualify for Objective One European funding until 1999 as previously the Government had statistically incorporated it with Devon in a process known as "Devonwall". Cornish demands for Objective One grant aid in the early 1990s for regeneration were often dismissed by Government officials as unrealistic and unobtainable but today many of the same officials see it as the miracle cure for Cornwall. In 1998 Cornwall was recognized by the UK Government as having "distinct cultural and historical factors reflecting a Celtic background", thus allowing it to be separated in a regional and economic sense from Devon. This fact underlines the importance of Celticity to Cornwall in recent years.

Because Cornwall had less than 75% of the average European GDP, 350 million of Objective One funding was received between 2000 and 2006. Despite claims of lax administration by the Government Office of the South West many beneficial things came of it including the Combined Universities Campus at Tremough. It has been fundamental to supporting and developing a largely indigenous food and farming industry which is now worth nearly two billion pounds a year - a lot more than tourism. Other sectors have also benefited are the 'creative industries' which have mushroomed with publicity and investment. Likewise tourism has profited and broadband provision was made a priority although there have been some complaints of fund mismanagement in cases such as the 2 million funding towards the failed South West Film Studios at St Agnes.

In 2005, Cornwall was estimated to have a GDP of 70% of the European average and although the then chancellor Gordon Brown was reluctant to facilitate it, Cornwall qualified once again for Objective One, the largest type of European investment. The next 'tranche' is called Convergence funding and will last between the beginning of 2008 to 2013 and will be worth 445 million. There have been many complaints from Cornish people that once again this investment will be managed from outside Cornwall, by the South West Regional Development Agency (SWRDA), in Exeter and Bristol and Objective One administrative jobs should in fact be based in Cornwall. Cornwall is the only Objective One region in the UK and Europe where the project is administered from outside the region. Priorities for the 2008-13 tranche will have a different emphasis on information and communication technologies, competitiveness, enterprise and a providing a skilled workforce.

There have been claims that European money has not created the regeneration that is required but has encouraged an unhealthy reliance upon tourism, grandiose projects and has helped stimulate population growth. This could lead to future problems of sustainability and over-development where soaring house prices are producing an increasingly divided Cornwall.

With limited public scrutiny and critical academic research on the Cornish Objective One project it is not known how much grant aid leaks out to organisations outside Cornwall. Also it is not known who fills the jobs created, whether they were resident in Cornwall or drawn in by the funding. No research has taken place into who benefits from Objective One funding. It has been claimed one effect has been to encourage a 'lifestye Cornwall' with a transformation of areas such as Padstow and St Ives into gourmet centres with an emphasis on leisure, up-market housing and theme parks. On the other hand there are many non-tourist areas characterised by high unemployment, low incomes and deprivation.

http://en.wikipedia.org/wiki/Economy_of_Cornwall#Objective_One_funding_in_Cornwall

Objective One map
http://www.defra.gov.uk/erdp/images/nationalgifs/natmap2.GIF
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PostPosted: Tue Aug 28, 2007 6:32 pm    Post subject: Reply with quote

Carrick district, Cornwall, deemed the least affordable rural area in Britain.

Rural homes are less affordable than urban ones, with average prices more than seven times the typical local wage. Carrick district, (including Truro, Falmouth/Penryn) Kernow, was deemed the least affordable rural area in Britain. The survey found the average house price in Carrick district is 269,241, over 10 times the average local salary. In August 2007 the average price of a UK home was 183,898.

http://news.bbc.co.uk/1/hi/uk/6963270.stm
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PostPosted: Thu Sep 06, 2007 9:52 pm    Post subject: Reply with quote

Objective 1: Map of eligible regions and regions receiving transitional support

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 Pythias, a Greek traveller, wrote about the Cornwall tin: "The tin traders at Land's End in Cornwall.... win tin by handling the ore with great knowledge. They than cast it in cubics and bring it to an island just offshore called 'Ictus'. Foreign traders buy it there to bring it to Gaul".  


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