Regional Planning and Development: Cornwall
The question
To ask the Secretary of State for Housing, Communities and Local Government, what steps he is taking to provide capacity funding to local authorities for strategic economic development in Cornwall.
Answered by Miatta Fahnbulleh
The government is establishing a £30 million fund to invest in Cornwall’s comparative sectoral advantages, including critical minerals, renewable energy and marine innovation, subject to a full business case.
Funding will be devolved to Cornwall Council, in line with the government’s devolution agenda, empowering local leaders to invest in projects that best meet local needs. Project management costs are eligible as part of a capital project budget.
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