The players in rural regeneration

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  • Created by: jfawdon26
  • Created on: 19-06-17 17:38
Between 1999-2007 under what model did investment in Cornwall take place?
Objective One
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This funding model is what kind of funding?
Convergence funding
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The aim of convergence funding?
Designed to raise the incomes of rural areas
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How does Objective One funding work?
It matches the funding from other sources to pump-prime newly set up businesses i.e if a new business raised £40,000, the Objective One fund would give the business another £20,000. This is so new businesses survive the struggles of a new business.
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What is often done before Objective One funding goes ahead?
A cost-benefit analysis
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Example of a business in Cornwall that underwent Objective One funding?
Lobb's Farm shop
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By 2007, how many projects had the Objective One fund backed?
580
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The Role of the EU in Cornwall's regeneration?
They provide the convergence funding for processes such as the Objective One funding
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The role of the UK's central government agencies in Cornwall's regeneration?
Pre 2010, the government agencies provided many investment grants, but now most investment grants made by the central government themselves
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Role of local government in Cornwall?
Cornwall council offers rebates on business taxes as part of the aerohub at Newquay, but little funding is available for the local council
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Role of stakeholders in the local economy in Cornwall's regeneration?
Stakeholders have cut back their investment in small businesses, which has meant that Cornwall's key industries e.g. tourism, food and farming and they want greater economic expansion
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Role of environmental stakeholders in the regeneration of Cornwall?
Cornwall's biggest asset is it its countryside so the National Trust etc have large positions in the local economy, Cornwall also has large potential for renewable energy resources.
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Role of stakeholders in people in Cornwall's regeneration?
Educators e.g. those who work in Cornwall's combined colleges have great influence in regeneration.
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4 regeneration programmes at Cornwall?
Watergate bay, Newquay (water sports area), combined university in Cornwall, wave hub (2010), super-fast broadband
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What is the Eden Project?
Two major biomes which exhibit world plant species, encourage sustainable living with a residential section for groups staying over night
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4 Benefits of the Eden Project in the first 10 years of its existance?
1) Generated a 7 fold return on its cost for the Cornish economy 2) Attracted 13 million visitors 3) Used 2700 local suppliers + employed 3650 people (indirect jobs included)
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Other cards in this set

Card 2

Front

This funding model is what kind of funding?

Back

Convergence funding

Card 3

Front

The aim of convergence funding?

Back

Preview of the front of card 3

Card 4

Front

How does Objective One funding work?

Back

Preview of the front of card 4

Card 5

Front

What is often done before Objective One funding goes ahead?

Back

Preview of the front of card 5
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