Cornwall residents earn £100 a year from Britain’s membership of the European Union
New data shows that every person living in Cornwall gains a net benefit of (on average) £100 a year from Britain’s membership of the European Union.
This benefit is based on various subsidies that Cornwall receives, such as support for farming and agriculture, assistance for structural developments and for fisheries. The vast majority of farms in Cornwall are in receipt of some sort of EU funding.
Many more local projects in Cornwall have also benefited from money from the European Union. Over 30,000 jobs have been either created or protected by millions of pounds of investment in Cornish businesses. Cornwall also has the fastest rural broadband in Europe which is not as a result of government funding, but from help from the EU.
The EU also helps smaller community organisations with funding. The Pool, Penzance, is currently bidding for funds from the European Regional Development Fund to help heat part of the swimming pool.