Operational Programme 'Cornwall and the Isles of Scilly'
Programme under the Convergence Objective, co-funded by the European Regional Development Fund (ERDF)
On 13 December 2007, the European Commission approved the Regional Operational Programme for Cornwall and the Isles of Scilly for 2007-2013. The Operational Programme falls under the Convergence Objective and has a total budget of about €669 million. Community investment through the ERDF amounts to some €458 million, which represents approximately 4.3% of the total EU investment earmarked for the United Kingdom under Cohesion Policy 2007-2013.
1. Aim and purpose of the programme
The Programme aims at transforming the economy to a high value added economy where knowledge, environment and quality of life underpin sustainable economic growth. The Programme strategy responds to the region's key challenges of stimulating knowledge based growth sectors and businesses offering jobs with higher salaries, improving productivity, addressing the effects of peripherality, and ensuring economic growth in a responsible manner.
The following operational objectives have been set:
2. Expected impact of investments
The Operational Programme is expected to create 11 000 new jobs, of which 8000 should be in knowledge based growth sectors. The Programme will directly assist over 6000 businesses and create new infrastructure for another 10 000 by supporting over 250 000m² of new accommodation and developing knowledge networks and digitally connected communities. The Programme is also expected to boost the region’s Gross Value Added by up to €500 million.
The Operational Programme will be implemented through five priorities:
Priority 1: Innovation, Research and Development [approximately 20.9% of total funding]
This priority seeks to enable Cornwall and the Isles of Scilly to compete as a centre for creativity, innovation, research and development.
Priority 2: Enterprise and Investment [approximately 27.6% of total funding]
The priority is aimed at re-structuring the economy based on an increased share of high value added businesses and more productive enterprises.
Priority 3: Transformational Infrastructure [approximately 23.5% of total funding]
This priority is aimed at investing in transformational infrastructure for the knowledge economy based on enhanced connectivity, including ICT, and infrastructure for higher education, thus assisting the transformation of the economy.
Priority 4: Unlocking the Economic Potential of Place [approximately 24.4% of total funding]
The priority seeks to develop in a sustainable manner the capacity of key towns and locations to accommodate new investment, especially enabling the development of a knowledge based and higher added value economy.
Priority 5: Technical Assistance [approximately 3.6% of total funding]
This priority will provide support for programme management and implementation, including technical support, communications and publicity.
4. Managing Authority
- Growth Delivery Team: South West
- Department for Communities and Local Government (DCLG)
- UK-TR1 FG Truro, Cornwall
- Theo, LEIJSER
- Tel.: +44 (0) 303 4446585
- E-mail.: SWconv.ERDFenquiries@communities.gsi.gov.uk
- Web: Convergence
- Title : Operational Programme 'Cornwall and the Isles of Scilly'
- Intervention Type : Operational Programme
- CCI no : 2007UK161PO003
- Number of decision : C/2007/6580
- Final approval date : 2007-12-13
- Breakdown of finances by priority axis
|Priority Axis||EU Investment||National Public Contribution||Total Public Contribution|
|Innovation, Research and Development||105 013 000||35 004 334||140 017 334|
|Enterprise and Investment||130 011 000||54 503 600||184 514 600|
|Transformational Infrastructure||105 013 000||52 506 500||157 519 500|
|Unlocking the Economic Potential of Place||100 017 000||63 344 100||163 361 100|
|Technical Assistance||18 002 615||6 000 205||24 002 820|
|Total||458 056 615||211 358 739||669 415 354|