"...Cornwall and the Isles of Scilly are likely to continue to receive the highest level of European funding to help stimulate economic growth. This means the area stands to receive approximately €500 million between 2014 and 2020."Bad news:
"Cornwall and the Isles of Scilly's GDP in 1999 before the start of our European funding programmes was 66% of the European average and peaked in 2006 at 78%.
"The figures for the reference period used by the EU to assess eligibility for the next round of European funding is likely to be 2007, 2008 and 2009 for which Cornwall and the Isles of Scilly's GDP was 74%, 73% and 72% respectively demonstrating the impact of the global recession."
- Cornwall Council press released based on European Commission data
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