17.05.02
 

Working Group approves projects worth £33 million

The Cornwall and Isles of Scilly Objective One Programme has this week recommended nine new Objective One projects for approval worth a total of £33 million.

The projects, which were approved by the Objective One Working Group yesterday (Thursday) are being recommended for £8.3 million of Objective One funding, subject to legal contracts being exchanged with the applicants in the coming months.

The projects approved span a broad range of activities, including forestry, marketing, new workspace, social exclusion, fisheries, agriculture, business support and community facilities.

Carleen Kelemen, Objective One Deputy Programme Director, said: “Once again the Working Group has been presented with a diverse range of high quality projects, all of which have been recommended for funding because of the real difference they will make to the prosperity of Cornwall and its people.”

The Working Group, which meets approximately every six weeks to consider projects for funding, was also presented with the latest programme performance figures, which show that the amount of Objective One funding that has actually been spent by project claimants in Cornwall so far has risen to £16.5 million.

The European Union has set Objective One a spend target of £25 million by the end of this year, and Ms Kelemen said the latest figures showed that the programme remained well on track.

“Hitting our targets is of course very important, but in striving to do that we must never lose site of the quality we are seeking to buy to ensure Objective One is a success,” she said.

The Objective One programme for Cornwall and Scilly has now approved £125 million of grant funding for projects with a total value of £300 million.

 

Editors notes:


Jason Clark
Communications Manager
Objective One Partnership Office
Castle House
Pydar Street
Truro TR1 2UD
Tel:01872 241379
Fax:01872 241388
jason@dclark.co.uk