The Government has announced that Cornwall will get £132m from the Shared Prosperity Fund over the next three years. It Britain had remained in the EU it had been expected that Cornwall would have got around £100m a year in support from Brussels.
Cornwall Council had submitted a bid to the Government for £700m over the next seven years to match the funding which would have been provided by the EU. In one report, the council said that it was "crucial" that Cornwall and the Isles of Scilly continued to receive that level of financial support.
Despite the shortfall, the new funding announcement has been welcomed by the Conservative leaders at Cornwall Council and Cornwall's Conservative MPs.
Opposition councillors have expressed concern about the reduction in funding and accused the Government of breaking promises.
This story is from the April 18, 2022 edition of The Herald.
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This story is from the April 18, 2022 edition of The Herald.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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