Key Information
Investment
ERDF | £9,834,883.00 | |
Cornwall Council | £2,000,000.00 | |
Falmouth University | £953,721.00 | |
Total | £12,788,604.00 |
Status
Active
Fund
ERDF
Fund Theme
Research and innovation
Location
Cornwall & Isles of Scilly
Learn about the role of the Growth Programme, funding and its outcomes along with key facts and figures
Learn about active and delivered projects, how they were funded and their outcomes.
Learn about Growth Programme projects in your area
Learn about how individuals and businesses have benefited from projects.
Search our list of common questions and answers
Search our library of key documents for further information
Funding calls for new projects are now closed under the ESIF Growth Programme 2014-2020.
Funding that supports the economic development of the region. Categories covered include:
Funding that supports employment as well as promoting economic and social cohesion. Categories covered include:
Funding that helps the development of rural areas. Categories covered include:
Learn about live and delivered Projects, how they were funded and their outcomes.
Search our list of common questions and answers
Get support from one of our funded projects.
If you are looking for free, impartial and independent business or skills advice visit the Cornwall & Isles of Scilly Growth and Skills Hub.
Residents of Cornwall and the Isles of Scilly who are currently unemployed and looking for support to help access work or training, can access free, confidential and impartial guidance from the People Hub.
For general and media enquiries regarding the Programme, get in touch with the Growth Programme communications team growthprogramme@cornwall.gov.uk
Projects
Launchpad is a proven, innovative post-graduate Incubation and Acceleration programme, which will create a new generation of Cornwall-based companies in high-value Smart Specialisation markets.
Launchpad is designed to foster local graduate skills and talent in order to create and retain a new generation of high-value added businesses and durable jobs in the knowledge intensive Digital Games and Interactive Technology markets. The methodology enables participants to learn from seasoned and successful Industry Partners, equipping them with the technical and entrepreneurial skills to manage the operations of a new company. By their nature companies operating in the digital economy will have a global reach. Launchpad businesses are also agile and able to ‘pivot’ to market demand. Again, at a time of significant economic uncertainty, this ability to respond at pace to new market opportunities will be particularly important in supporting Cornwall’s economic future. Therefore, the businesses created through Launchpad will not be sheltered from competitive market forces or confined to operating within a restricted market or geographical boundary.
The Launchpad methodology reverses the traditional model of business incubation as it creates new companies in direct response to an identified industry demand. Instead of starting with an entrepreneur and their idea, Launchpad begins with the customer and their business challenge. Graduates with complementary skills are then selected and tasked with solving the industry requirement and a high-growth start-up is developed around the solution. It is also based on a sustainable model whereby a percentage share of each new company created is retained by the project. The return on investment will be re-circulated into an Evergreen Fund, which will be used to continue the programme beyond the externally funded project period.
Within the three-year project period Launchpad will create 128 new jobs and 32 companies in knowledge-intensive sectors. However, Launchpad has the potential to create a continuous flow of jobs and businesses in Cornwall.
ERDF | £9,834,883.00 | |
Cornwall Council | £2,000,000.00 | |
Falmouth University | £953,721.00 | |
Total | £12,788,604.00 |
Active
ERDF
Research and innovation
Cornwall & Isles of Scilly
Learn about the role of the Growth Programme, funding and its outcomes along with key facts and figures
Learn about active and delivered projects, how they were funded and their outcomes.
Learn about Growth Programme projects in your area
Learn about how individuals and businesses have benefited from projects.
Search our list of common questions and answers
Search our library of key documents for further information
Funding calls for new projects are now closed under the ESIF Growth Programme 2014-2020.
Funding that supports the economic development of the region. Categories covered include:
Funding that supports employment as well as promoting economic and social cohesion. Categories covered include:
Funding that helps the development of rural areas. Categories covered include:
Learn about live and delivered Projects, how they were funded and their outcomes.
Search our list of common questions and answers
Get support from one of our funded projects.
If you are looking for free, impartial and independent business or skills advice visit the Cornwall & Isles of Scilly Growth and Skills Hub.
Residents of Cornwall and the Isles of Scilly who are currently unemployed and looking for support to help access work or training, can access free, confidential and impartial guidance from the People Hub.
For general and media enquiries regarding the Programme, get in touch with the Growth Programme communications team growthprogramme@cornwall.gov.uk