Thursday, 25 August 2016 21:22

Cornwall faces £350m Brexit deficit

Written by  Ruralcity Media
Cornwall faces £350m Brexit deficit

Leaving the European Union will cost one of England's most rural counties £350m, according to estimates published by the local authority.

Cornwall Council estimates that the county and Isles of Scilly could lose out on the funding which would have benefited local communities.

Julian German, the council's cabinet member for economy and culture, said the county faced a massive black hole following the Brexit vote.

"I estimate that Cornwall and the Isles of Scilly could lose out on £350m of funding that would have helped our residents and local businesses," he warned.

"The limited guarantee for some schemes leaves Cornwall hundreds of millions of pounds short of what we were promised we would receive by MPs who backed the Brexit campaign."

    See also: Brexit 'has major rural implications'

Funding streams including contracts for EU structural funds and European Maritime Fisheries projects starting after the Autumn Statement were not guaranteed, said Mr German.

"This simply isn't good enough," he said.

Mr German said Cornwall Council was supporting a Local Government Association campaign for all EU funds to be honoured.

"EU funding, or its replacement, is vital to support economic regeneration, helping individuals to gain new skills and businesses to create well paid jobs."

"Unlike UK funding streams, EU funding has been allocated according to need. This is a really important point for Government to remember

"Cornwall Council will keep advocating for resource which is focussed on closing the economic and skills gap between Cornwall and the rest of the UK.

Mr German said the local authority would continue to work hard with our MPs and partners to try and secure the funding that would otherwise be lost.

He added: "Cornwall Council will also be working closely with government to ensure that as many projects as possible are contracted before the Autumn Statement deadline."

People in this conversation

  • Guest (Ian Reid)

    Report

    The Cornwall 'Brexit' vote of 56.5% has always been mystifying, given that the Celtic fringes have generally benefited disproportionately from EU funding and this might ordinarily be expected to have brought greater support to Remain. Lack of gratitude cannot be laid entirely at the door of anger with the European Fisheries Policy. Maybe the lesson to be learned is that voters had not been made sufficiently aware of the contributions made by EU cash injections.

    from Kilnwick, Driffield YO25 9JF, UK
  • This goes to show the danger of holding referendums in a Parliamentary Democracy. This was far to complex and important issue to be decided by the public who have little concept of what the EU actually does. We would have capital punishment and forced repatriation back tomorrow if it were down to a public vote fueled by the likes of the Sun and Daily Mail. Those who got us into this mess must now face the consequences. We have got our country back, back to the 1930s with unemployment, recession.

    from Rutland, UK

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