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The location and economic problems of the District make
the area eligible for receipt of funds from all major funding organisations,
both UK and European. However, the area is also able to attract assistance
from smaller European initiatives such as LEADER (rural tourism and
farm diversification) and PESCA (fishing diversification and measures
to enhance fishing effort).
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| The whole of the District is classed as a Development
Area by the Government Office for the South West which enables assistance
to be given to business in the area including offers of grant aid under
the Regional Selective Assistance Scheme, Regional Enterprise Grant,
innovation grants and the SMART programme. The latter being by competition.
With the exception of Penzance town centre, the whole of the District
is also designated a Rural Development Area although this may change
in the near future due to the recent establishment of the South West
of England Regional Development Agency. The County has recently been
granted Objective 1 status and work is underway to prepare a bid for
submission for funding. If the bid is successful financial assistance
will be available under the following five priorities:
Further information regarding the progress of Objective 1 can be obtained from:
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