County Transformed by Pounds50m Eu Funding

Summary


The South West has been earmarked as one of three regions in the UK to qualify for funding from the European Union. Under the Objective One and Two schemes, cash is being injected in areas where the economy is in decline and regeneration in rural, urban and industrial areas is needed.

More than pounds650 million of European funding has been made available for regeneration projects across the South West region between 2000 and 2006 - the aim being to foster growth and productivity and reduce inequalities.

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Extract


County Transformed by Pounds50m Eu Funding

Objective One money is for areas whose economy is lagging behind other regions. This money is being spent in Cornwall and the Isles of Scilly.

Objective Two money is available for proj...

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