Cornwall Council has approved a spending plan for the £132m Shared Prosperity Fund (SPF) to benefit local businesses and communities, as well as boost residents’ job skills.
Part of the government’s levelling up agenda, the SPF plan will see cash injections made to meet the three priorities of business, communities, and skills, as well as tackling inequalities in deprived areas.
A key focus will be to speed up the growth of high-value and wage sectors such as renewable energy, technology, metals, digital, and creative industries.
Further details of how the funding will be allocated across the region and how organisations and community groups can apply for funding will be announced this month.
All opportunities for funding will be made available on the council’s new SPF portal ciosgoodgrowth.com.