In a statement issued today in response to the result of the EU referendum Sandra Rothwell, chief executive, said: “The UK is still part of Europe and Cornwall and the Isles of Scilly still have an EU programme worth some £500 million to 2020. We will be working to ensure that this doesn’t change for at least two years while the terms of the UK’s exit are negotiated and existing treaties remain in place.
“Whatever the detailed outcome of those negotiations, it is critical that Cornwall and the Isles of Scilly continues to receive the same level of investment and is not short changed as a result of the referendum result. This funding was allocated in recognition of the very real needs of our economy to support growth and create jobs, and the exit campaign pledged to match it at least pound for pound to 2020 in the event of a leave vote.
“The LEP will work with the business community, Cornwall Council, Council of the Isles of Scilly and our MPs to maintain investment at EU levels.”