The announcement of the new £200 million “Growth Deal” for Cornwall and the Isles of Scilly is fantastic news for the county.
Designed to support key industries including marine renewable energy the move will also improve infrastructure by providing upgrades to rail, cycle and road networks. The investment also aims to create up to 4,000 jobs and allow up to 6,000 homes to be built.
The deal, which was signed yesterday (7 October), secures £48.9 million of government funding, as well as £150 million of investment from local partners and the private sector.
Our region’s future success relies on this kind of investment, to ensure that we have the right infrastructure and support in place to allow businesses to flourish. We have some of the most creative and hardest working businesses in the country based here I hope this growth deal will bring tangible benefits for them.
Gavin Poole is a partner in the corporate team in Truro. To contact Gavin, please call 01872 265100 or email corporate.cornwall@stephens-scown.co.uk