Council ditches Heartlands scheme due to lack of funds
A scheme to bring new businesses to Heartlands has been abandoned by Cornwall Council because of a lack of funds.
Cornwall Council had pledged £600,000 towards phase two of the multi-million pound regeneration development at Pool with an additional £900,000 European Regional Development Convergence funding.
However, the authority said it was forced to ditch the scheme because of demands for further money.
Sandra Rothwell, Cornwall Council's head of economic development, said: "Heartlands phase two was originally planned as a workspace scheme to provide 'grow on' space for start-up businesses based at the Pool Innovation Centre as well as other similar centres nearby.
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"Changes in the criteria for European funding meant there would have been a requirement to find an additional £500,000 for the project which could not be found."
She said the council was now providing £310,000 towards five flats already completed at the £34 million Heartlands mining heritage site, which will be occupied in partnership with Devon and Cornwall Housing.
Cornwall councillor and former miner Mark Kaczmarek said he was disap pointed by the decision but understood the huge financial pressures being placed on the authority.
He said: "Heartlands is a stand alone site and a great community space that is well used by the public. However, anything that reduces the income to the site puts more pressure on its viability. Rental income from flats and businesses is vital. The annual running costs are huge."