Purpose

Report seeking consideration and approval of the Good Growth Principles and to make funding decisions.

Part 2 (exempt) appendices expected.

Decision

DECISION:

RESOLVED

1. That the Board noted the update within the report on the distinctive sector development in Cornwall that is being enabled through the design, implementation and delivery of the Kernow Industrial Growth Fund following the announcement of Kernow Industrial Growth Fund by UK Government in November 2025.
2. That the Project Change, Remediation and Clawback Policy, as set out in Appendix 1 to the report, be approved and implemented.
3. That the updated Good Growth Principles, as set out in Appendix 2 to the report, be approved and implemented as a requirement for all funding applications for Kernow Industrial Growth Fund, the Cornwall Evergreen Regeneration Fund, the Enterprise Zone Growth Fund and any future economic development funding that Cornwall Council will administer.

Reason for the Decision: 

As contained within the report.

Alternative options considered:

None other than contained within the report.

Conflicts of interest declared:

None.

Dispensations granted in respect of a conflict of interest:

N/A