Statement on Shared Prosperity Fund announcement
The Conservative Government has repeatedly promised that the funding Cornwall is to receive through the Shared Prosperity Fund (SPF) would, at least, match the level of EU structural monies that would have been received. Cornwall Council has estimated that this should equate to £100 million each year. The most recent report produced by the Conservative-controlled authority states that “in order to be no worse off” Cornwall and the Isles of Scilly would “need to receive £700 million from the UK SPF…


