Grant-free business ideas 'needed for Cornish economy'

Businesses in Cornwall and on the Isles of Scilly need to think of alternatives to grant funding to help the local economy grow, a new agency says.

The Local Enterprise Partnership (LEP), which is replacing the work of the SW Regional Development Agency, said public funds had dropped considerably.

It said, because of that, new ideas were needed for a sustainable economy without the need for hand-outs.

A series of roadshows by the LEP about its work is on until 13 January.

The LEP is a private and public sector partnership set up to encourage economic growth and job creation.

One of its 11 board members, Simon Tregonning, who is from the private sector, said the partnership would continue to try to secure what limited grants were available.

He said: "Grant funding is useful when it catalyses, when it makes things happen that mightn't happen.

"We must keep on our eye on the ball on that and draw what we can."

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