Economic Growth: Cornwall
The question
To ask the Chancellor of the Exchequer, what steps she is taking to promote economic growth in Cornwall.
Answered by James Murray
The Budget confirmed a new £30 million fund to invest in Cornwall’s particular comparative sectoral advantages including critical minerals, marine energy and space. In addition, the government is funding £26m of growth-driving transport investment via the Local Transport Grant (2026/27 – 2029/30), part of the £725 billion of economic and social infrastructure investment across the country over the next decade.
The National Wealth Fund has also invested over £80m into Cornwall, backing firms to support the next generation of good jobs.
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