Incentives

In addition to the physical attributes, the location also offers a range of incentives to investors and potential occupiers. As a result of European funding, Cornwall offers access to unparalleled financial incentives.

Financial

  • Enterprise Zone - an area identified to stimulate economic growth, offering business rate discounts and other incentives to business
  • Grant for Business Investment (GBI) – the only location in England where up to 50% match funding for projects that create and protect skilled jobs is available
  • Gap Funding for Employment Space – Cornwall-only funding to support office and industrial developments that meet local priorities
  • Grant for Research and Development – financial support to help individuals and SMEs bring innovative technologies and solutions to market
  • South West Angel & Investor Network (SWAIN) – enables private investors or ‘Business Angels’ to connect with companies looking for investment
  • South West Investment Group Services (SWIG) – is the largest provider of complementary loan finance to small and medium sized businesses in the South West
  • South West Loan Fund – financing for Cornish businesses who can’t obtain funds from private-sector lenders
  • Springboard Fund – funding the development of innovative ideas that will have an impact on the economy of Cornwall. This may be through a grant or loan depending on the type of applicant organisation and the project
  • Tax in the UK  - The UK was one of the most competitive corporate tax rates in Europe