Cornwall and Isles of Scilly GOOD GROWTH FUND

Achieving Good Growth for Cornwall
and the Isles of Scilly

Our Good Growth Investment Plan

As part of the UK Government’s Levelling Up agenda, Cornwall and Isles of Scilly have been allocated £132million to spend on local investment through the Shared Prosperity Fund. With a focus on green and inclusive growth, we’ll use our portion to achieve good growth for Cornwall and the Isles of Scilly, providing opportunities for communities, businesses, access to new jobs and training.

With world-class green industry capabilities and a desire to make Cornwall and Isles of Scilly carbon neutral by 2030, we’ve got the vision. And with our allocation of the UK’s Shared Prosperity Fund, we’ve got the means.

Through targeted investment in high value and high growth sectors, alongside efforts to improve the productivity of businesses across industries, we’ll deliver truly inclusive growth that’s locally relevant and nationally significant. We’ll put skills and training programmes at the heart of every Good Growth investment, which
will elevate local talent and include a focus on increasing functional numeracy for adults across our population through the Multiply programme.

Here’s how we plan to achieve good growth.

 

Our Three Investment Priorities

ONE:
Community and place

To us, ‘Good Growth’ means moving towards a net zero economy where jobs pay at least the Real Living Wage and strong communities allow everyone to start well, live well and age well.

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TWO:
Support for local businesses

To help unlock economic prosperity in every sector our Good Growth model will improve local opportunities by investing in infrastructure, industry and training.

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THREE:
People and skills

To bring our Good Growth ambitions to life we need to significantly shift our skills system. Not only will this improve productivity and grow the economy, it will give people the career and salary progression opportunities they should be able to access.

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Funding Opportunities

If you would like to apply for investment under Cornwall and Isles of Scilly Good Growth SPF Investment Programme, find out more about the areas proposals are being accepted for.

Strategic Business, Enterprise and Research & Development Infrastructure

Strategic Business, Enterprise and Research & Development Infrastructure (£18.7m)

The investment will unlock or accelerate the development or delivery of infrastructure for businesses, enterprises or organisations, to enable them to grow and fulfil their potential.

Total amount available: £18.7m

Project delivery timeframe: April 2022 – March 2025

Minimum grant award (capital): £500,000

Maximum grant award (capital): £5,000,000

Minimum grant award (revenue): £20,000

Maximum grant award (revenue): £100,000

 

Application deadlines:

Review point 1: 2nd September 2022

Review point 2: 2nd December 2022

Review point 3: 3rd March 2023

Review point 4 (final): 4th August 2023

Find out more & apply

Culture and Heritage-led Regeneration and skills

Culture and Heritage-led Regeneration and skills (£10.82m)

Investment in the creative economy, cultural institutions and development of heritage buildings and assets to regenerate our places and communities. This opportunity will drive pride in place and career opportunities, sustainability and social mobility and support the development, preservation and reimagining of our places and buildings and the cultural and creative economy.

Total amount available: £10.82m

Project delivery timeframe: April 2022 – March 2025

Minimum grant award: £150,000

Maximum grant award: £7,000,000

 

Application deadlines:

Review point 1: 2nd September 2022

Review point 2: 2nd December 2022

Review point 3: 3rd March 2023

Review point 4 (final): 4th August 2023

Find out more & apply

Town, Rural and Coastal High Street Development and Skills Programme

Town, Rural and Coastal High Street Development and Skills Programme (£4.4m)

This invitation to bid encourages applications from businesses, property owners (public/private/third sector), developers and skills providers across towns, rural, coastal areas in Cornwall and on the Isles of Scilly with a particular focus on regenerating high streets and neighbourhood shopping areas.

Total amount available: £4.4m

Project delivery timeframe: April 2022 – March 2025

Minimum grant award: £30,000

Maximum grant award: £500,000

 

Application deadlines:

Review point 1: 2nd September 2022

Review point 2: 2nd December 2022

Review point 3: 3rd March 2023

Review point 4 (final): 4th August 2023

Find out more & apply