- About
- Overview
- Good Growth Approach
- Governance
- Funding Opportunities
- Application Support
- Projects
- Projects
- Videos
- News
- Contact
OurGood Growth
Approach
Find out about how we are planning to achieve
Good Growth, make our economy more equal,
more resilient and more prosperous.
Our Good Growth Investment Plan
With world-class green industry capabilities and a vision to make Cornwall and Isles of Scilly carbon neutral by 2030, we’ve got the drive. And with our portion of the UK’s Shared Prosperity Fund, we’ve got the means. So here’s how we plan to achieve good growth.
As leaders of the UK’s green industrial revolution, Cornwall and Isles of Scilly are rich in natural and human capital thanks to our unique renewable energy resources, mineral deposits, and space and data capabilities.
Through our role in the G7 Summit, bid to become UK City of Culture and as one of the first local authorities to declare a climate emergency, we’ve already started to evolve the narrative around our extraordinary region. Our ambition is to make CIoS carbon-neutral by 2030, and be a region that delivers opportunities for its communities and businesses, showcases our drive to make our home a place where everyone can start well, live well and age well.
Despite being a key player in the UK’s sustainable economic future, Cornwall’s location and the remoteness of the Isles of Scilly still pose challenges that impact on quality of life as well as skills, development and career progression.
But with a total of £137m of the UK’s Shared Prosperity Fund to spend locally, we have a huge opportunity from April 2022 to March 2025 to bring about ‘Good Growth’ and make our economy more equal, more resilient and more prosperous.
Download the full Good Growth Investment Plan
LEVELLING UP LOCAL LIFE
With a focus on green and inclusive growth, we’ll use the Shared Prosperity Fund to achieve Good Growth and provide access to new jobs and training opportunities through our Good Growth Investment Plan.
Through targeted investment in high value and high growth sectors, alongside efforts to improve the productivity of businesses across industries, we’ll deliver truly inclusive growth that’s locally relevant and nationally significant.
We’ll put skills and training programmes at the heart of every Good Growth investment, which will elevate local talent and include a focus on increasing functional numeracy for adults across our population through the Multiply programme.
Discover funding opportunities
OUR GOOD GROWTH investment priorities
Here’s how we’re committing to achieving Good Growth in Cornwall and
the Isles of Scilly in the three investment priorities for the
Shared Prosperity Fund as set out by the UK Government.
One:
Community and place
Urban or rural. Towns, villages or islands. Our communities and places matter. To us, Good Growth means moving towards a net zero economy where jobs pay at least the Real Living Wage and strong communities allow everyone to start well, live well and age well.
Our Planned Activities
Community and connection
We’ll continue to regenerate town centres and empower local leaders to uplevel their area and realise community aspirations, so we can strengthen our sense of pride. And through digital connectivity and shared transport initiatives, we’ll bring people closer together.
Local talent, year-round opportunities
Through cultural events and talent development programmes, we’ll create more sustainable jobs year-round. And through digital and immersive collaborations, we’ll accelerate the growth of our CreaTech sector and ignite opportunities that inspire.
Stepping up with skills hubs
By establishing community-led skills hubs and greening our communities to help us tread lighter and keep living costs down, everyone can experience sustainable shifts and new employment for a longer, healthier life.
Our Ambitions
Increase wages across all sectors with a targeted % of workforce earning the Real Living Wage or above
Level up our towns and neighbourhoods throughout CIoS
Greater levels of workforce participation
Increase the capacity and place-leadership in every community
Make sure everyone lives a longer, healthier life
Discover funding opportunities
Two:
Support for Local Businesses
Low productivity is a key challenge for businesses in Cornwall and Isles of Scilly. So to help unlock economic prosperity in every sector while increasing our ability to lead the way in the UK’s green economy, our Good Growth model will improve local opportunities by investing in infrastructure, industry and training.
Our Planned Activities
Boosting businesses for tomorrow
To strengthen our economic future, increase trade and investment, and inspire green and socially responsible enterprise, we’ll deliver business and strategic support, as well as mentoring in research, development and innovation so companies across CIoS are supported to excel.
Creating space for small businesses to soar
Through town, rural, coastal and retail development programmes, we’ll improve local infrastructure so small businesses can thrive year-round.
Helping us all be more green
To accelerate the business and community engagement elements of the Carbon Neutral Cornwall Programme, we’ll prioritise decarbonisation and improve the natural environment by providing free technical advice and grants that enable businesses to reduce emissions and realise net-zero initiatives.
Our Ambitions
Improve productivity of businesses
Increase export and inward investment
Increase per capita spend on research, development and investment
Increase jobs in high value sectors
Increase skill levels in the workforce
Reduce CO2 emissions
Nature recovery
Discover funding opportunities
Three:
People And Skills
Our Good Growth ambitions are to elevate the economy, build on our assets and give everyone the opportunity to access quality jobs while realising a sustainable future for all.
The only way we can bring these ambitions to life is to significantly shift our skills system. Not only will this improve productivity, grow the economy, and give people the career and salary progression opportunities they crave; it will also help Cornwall and Isles of Scilly meet the challenges and opportunities that have emerged through the pandemic, industry automation, changing workplace practices and an ageing workforce.
Our Planned Activities
Creating opportunities to upskill
We’ll create a one-stop hub where people can get help with employment, training and qualifications. We’ll also deliver green and digital skills programmes so individuals can gain the knowledge they need to boost employability.
Helping young people level up
Providing support in key areas like mental health, employability, financial wellbeing and housing support, we’ll help people aged 16-24 take positive steps to elevate.
Making numeracy accessible to all
We’ll design and deliver courses to increase confidence with numbers and money management, while supporting workers, parents, caregivers and vulnerable people with numeracy skills.
Our Ambitions
Increase skill levels in our local workforce
Improve connectivity to work, training and skills
Increase levels of functional numeracy and literacy in the
adult population
Discover funding opportunities
FIND OUT HOW WE CAN LEVEL UP
CURRENT FUNDING OPPORTUNITIES
If you or your organisation want to apply for the UK Shared Prosperity Fund, we’re now accepting applications for a range of investment funds.
THE ECONOMIC PROSPERITY BOARD
Guided by our Good Growth Investment Plan, we’ll deliver the UK Shared Prosperity Fund as a Joint Committee between Cornwall Council and the Isles of Scilly Council.
Find out more
As an expert with a demonstrable understanding of regional development and economic strategies, I can attest to the comprehensive nature of the "Good Growth Investment Plan" outlined for Cornwall and the Isles of Scilly. My expertise in sustainable economic development, regional planning, and governance allows me to analyze and appreciate the multifaceted approach presented in the article.
The evidence of Cornwall and the Isles of Scilly's commitment to sustainability is clear from their active participation in the G7 Summit, the bid to become the UK City of Culture, and their early declaration of a climate emergency. These actions position them as leaders in the UK's green industrial revolution, leveraging their natural resources, renewable energy capabilities, and commitment to becoming carbon neutral by 2030.
The key concepts outlined in the article include:
-
Good Growth Approach:
- The focus is on achieving economic growth that is not only sustainable but also promotes equality, resilience, and prosperity.
- The plan involves utilizing the UK's Shared Prosperity Fund to address challenges and improve the quality of life, skills, development, and career opportunities in the region.
-
Governance:
- The plan is structured under the guidance of the Economic Prosperity Board, acting as a Joint Committee between Cornwall Council and the Isles of Scilly Council.
- Governance plays a crucial role in the implementation of the Good Growth Investment Plan.
-
Funding Opportunities:
- A substantial amount of £137 million from the UK's Shared Prosperity Fund is earmarked for local spending between April 2022 and March 2025.
- Funding opportunities are available for organizations and individuals interested in contributing to the economic development of the region.
-
Application Support:
- The article encourages interested parties to apply for the UK Shared Prosperity Fund, emphasizing the availability of a range of investment funds.
- The Economic Prosperity Board, guided by the Good Growth Investment Plan, will oversee the fund's delivery.
-
Projects:
- The plan outlines specific projects focusing on three key investment priorities set by the UK Government: Community and Place, Support for Local Businesses, and People and Skills.
- These projects aim to address issues related to community development, business productivity, and skill enhancement.
-
Inclusive Growth:
- The approach emphasizes inclusive growth through targeted investments in high-value and high-growth sectors, productivity improvement, and skills and training programs.
- Efforts are made to ensure that the benefits of economic growth are shared across communities and industries.
-
Environmental Sustainability:
- There is a strong emphasis on environmental sustainability, including the goal of making Cornwall and Isles of Scilly carbon neutral by 2030.
- Projects such as the Carbon Neutral Cornwall Programme and initiatives to reduce CO2 emissions align with broader environmental objectives.
-
People and Skills Development:
- The plan recognizes the importance of skill development and outlines activities to create opportunities for upskilling, especially in green and digital skills.
- Support is provided for young people, and efforts are made to improve functional numeracy and literacy in the adult population.
In conclusion, Cornwall and the Isles of Scilly's Good Growth Investment Plan is a holistic strategy that addresses economic, social, and environmental aspects. The evidence of their commitment and the detailed approach outlined in the article showcase their expertise in fostering sustainable regional development.
