£65M funding for three Cornish towns


Three Cornish towns are to receive a total of £65 million as part of the Government’s Town’s Fund, it was announced last night.

Of the three towns, Camborne is to receive the largest amount (£23.7M), while Penzance will get £21.5 million and St Ives £19.9 million. The announcement that Truro would get £23.6 million, was made in April.

Camborne’s plans for the money include the acquisition and refurbishment of Camborne bus station to create the ‘Buzz Station’ complex, the creation of the ‘Fibre Park’ tech hub and the renovation of Camborne Rugby Club’s facilities.

The funding will support businesses and commercial sectors most badly hit by the coronavirus pandemic and create new business hubs in the towns.

Commenting on the deal for Camborne, local MP George Eustice said: “The success of Camborne’s Towns Fund Bid is a significant step forward in the regeneration of the town. Since I was first elected, I always made clear that economic regeneration in Camborne, Redruth and Hayle was my number one priority. This £23.7 million represents an exciting opportunity in the revitalisation of Camborne.”

Anna Pascoe, chair of the Town Board during the last 12 months and head of BID Camborne, added: “This is truly a milestone moment for Camborne and testament to the terrific work invested by all those involved with the project over the past year.

“Camborne has answered the Government’s question ‘what could you do with £24million?’ with a bold offer aimed at improving the health and prosperity of all ages and groups in our town. I am incredibly excited to look ahead over the coming months as we work with local people, businesses and partners to turn the ideas from our Town Investment Plan into a reality which will make Camborne famous again.”

The Penzance deal will include funding for the modernisation of Penzance Harbour, a new marine training facility at Newlyn Harbour, the development of a new public leisure facility and the renovation of Morrab Gardeners’ House, Penlee House & Coach House and Newlyn Art Gallery & the Exchange.

St Ives, meanwhile, has plans for a new St Ives to St Erth trail, the development of a low carbon transport system in St Ives, the refurbishment of the historic Palais de Danse building, St Ives Rugby Club, the St Ives Theatre and the St Ives Guildhall.