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  1. ITV Report

Government pressed for assurances about Cornwall's future

Cornwall and the Isles of Scilly have pressed the government for assurances about future investment in the wake of Brexit.

The Local Enterprise Partnership have jointly written to the Secretaries of State whose departments currently control EU funding.

The letters, signed by Cornwall Council Leader John Pollard and LEP Chair Mark Duddridge, highlight concerns about the future of a raft of proposed investments aimed at creating jobs and growth.

Cornwall and Scilly were earmarked for around £500 million of EU investment from 2014 to 2020 to close the economic gap with other parts of Europe by growing businesses, creating jobs and boosting skills.

The Brexit vote has put a question mark over that funding, despite assurances from the Leave campaign it would be honoured in full to 2020.

The Treasury announced on August 13 that EU-funded projects signed by the time of the Autumn Statement later this year would have their funding guaranteed.

There was a similar pledge on research funding and farm payments up until 2020, all of which was broadly welcomed.

But with no further guarantees this still leaves at risk around £300m of EU funding earmarked for Cornwall and the Isles of Scilly.

We’ve impressed on the Secretaries of State that we are a trusted and willing partner when it comes to delivering growth but we need the tools to finish the job.

While we welcome the clarity provided by the Treasury notice in the short term, we’ve asked them to provide resource to expedite project approvals before the autumn deadline and look hard at what’s in the pipeline after that, and how it can be delivered

– Mark Duddridge, LEP Chair

Ever since the Brexit vote I have been pressing for clarity over future funding. These letters continue to press and to urge the Government to give both the public and the private sector the confidence to move forward.

– John Pollard, Cornwall Council Leader