General Election 2019: Derek Thomas on the Cornish Economy

I believe West Cornwall is poised to enjoy an exciting period of economic growth with a Government that is prepared to help the region maximise the opportunities presented by Brexit.

In a bid to ‘level up’ the country, Boris Johnson has pledged to use the emerging Shared Prosperity Fund to replace EU funding in Cornwall and on Scilly, something that could be worth up to £60 million a year for the region.

This is on top of up to a £75 million of potential funding available to be invested in Penzance and St Ives through the Future High Streets and Towns funds while there has already been major infrastructure investment in our railways and broadband and mobile phone connectivity.

This sort of investment will help our small businesses who are the commercial lifeblood of Cornwall, providing the majority of employment but they need a fairer deal and I will continue to argue for a reform of the business rates system.

The need to respond decisively to the climate crisis gives West Cornwall the chance to create skilled jobs for our workforce - in construction, technology, environmental science – offering people a greater incentive to stay here in this beautiful part of the world.