Designation of Cornwall Council as Accountable Body for Kernow Industrial Growth Fund and related delegations
Cornwall Council will manage the £30 million Kernow Industrial Growth Fund for 2026‑28, has approved its investment plan, and senior officers can now finalise the plan and sign a memorandum of understanding with the UK government.
Plain-English summaries and outcome labels are Cornwall Political Watch's own AI extractions from the published minutes, not Cornwall Council wording. Where a “From the minutes” quote is shown, it is verbatim from the minutes the outcome was extracted from.
Description
Cornwall Council was appointed the Accountable Body for the £30 million Kernow Industrial Growth Fund for 2026‑28, the Investment Plan was approved, and authority was delegated to senior officers to finalise the plan and sign a Memorandum of Understanding with the UK Government.
Related decisions
Also from this meeting
- Welcoming Corporate Peer Challenge feedback and endorsing draft action plan(Not recorded)
- Cabinet acceptance in principle to explore Single Foundation Strategic Authority designation(Not recorded)
- Delegation of authority for Local Plan and Spatial Development Strategy and additional £1.2m reserve funding(Not recorded)
- Approval of Cornwall Housing and Celtic Sea Power Four‑Year Business Plans and related BEIS funding(Not recorded)
- Adoption of Corporate Asset Management Strategy and delegation for governance arrangements(Not recorded)
More from Cabinet
- Capital programme reduction of £3.321m23 Sept 2026 · Resolved
- Cornwall Local Plan timetable adoption23 Sept 2026 · Approved
- Extra Care grant funding delegation within approved thresholds23 Sept 2026 · Approved
- Targeted Disposal Route for extra care sites23 Sept 2026 · Approved
- Engagement Strategy and Customer Charter for Decision Making23 Sept 2026 · Agreed
More budget & finance decisions
- Cornwall Catalyst Fund and Growth Partnerships Review Point 1 approval and delegation8 Oct 2026 · Resolved
- Kernow Industrial Growth Fund update, Project Change Policy and Good Growth Principles approval8 Oct 2026 · Resolved
- Kernow Industrial Growth Fund Revenue Enabling Activity and Commissioning Plan approval8 Oct 2026 · Resolved
- Internal Audit Report 2025/26 - assurance and action plan25 Sept 2026 · Resolved
- Review of External Auditor's Update and Sector Briefing25 Sept 2026 · Resolved