April 2022

Statement on Shared Prosperity Fund announcement

Cornish Guardian newspaper headline, 'Give us our money Boris'

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…

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A broken promise on Shared Prosperity Fund

Cornish Guardian newspaper headline, 'Give us our money Boris'

Cornwall’s share of the UK Government’s Shared Prosperity Fund (UKSPF) was announced yesterday. The Conservatives have previously pledged that funding through the UKSPF would at least match the size of EU funds that Cornwall would have received. The anticipated figure was £100 million a year – but the Government announcement has confirmed a three-year settlement of £132 million – less than half of what was promised. The message from the people of Cornwall to Boris Johnson must be clear – give…

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