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The Objective One Partnership for Cornwall & the Isles of Scilly
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The Objective One Programme contains grant aid worth around £300 million - the exact amount is not definite because the sum awarded was in Euros and the precise final figure will depend on exchange rates.

This page shows you the Programme's overall financial performance so far, and the split across the four different funds that make up Objective One.

For each fund you can see how much money is available, how much has been endorsed for projects, and how much has actually been spent.

The rate of spend always lags behind endorsed because grant funding is paid quarterly in arrears and payments can be spread over a number of years.

 

Financial position as at 21.10.2008:
Amount of total Objective One funding available from 2000 to 2006
£361.8 million
Amount of funding endorsed:
£355.4 million
Amount of funding spent:
£332.5 million
   

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European Regional Development Fund (ERDF)
Amount of ERDF funding available:
£226.0 million
Amount of ERDF funding endorsed:
£222.8 million
Amount of ERDF funding spent:
£206.0 million

European Social Fund (ESF)
Amount of ESF funding available:
£69.4 million
Amount of ESF funding endorsed:
£67.6 million
Amount of ESF funding spent:
£64.0 million

European Agricultural Guidance and Guarantee Fund (EAGGF)
Amount of EAGGF funding available:
£54.7 million
Amount of EAGGF funding endorsed:
£53.5 million
Amount of EAGGF funding spent:
£52.2 million

Financial Instrument for Fisheries Guidance (FIFG)
Amount of FIFG funding available:
£11.6 million
Amount of FIFG funding endorsed:
£11.6 million
Amount of FIFG funding spent:
£10.2 million

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