5.13

• What percentage of Cornwall’s working population earned less than £7.45 per hour in 2011?

  20% of Cornwall's working population earned less than £7.45 per hour.
• What is one of the consequences of Cornwall's lack of investment and opportunities?

  A "brain drain," where residents leave to find work elsewhere.
• How was rural regeneration funded in Cornwall before 2010?

  Public sector investment, particularly through EU funding and regional development initiatives.
• What was the EU Objective One funding in Cornwall used for?

  It was designed to raise rural incomes by match-funding business investments.
• How did the EU Objective One funding work for a farm shop proposal?

  The total investment grew from £40,000 to £320,000 through match funding from Cornwall Council, the South West Regional Development Agency, and the EU.
• What was the outcome of the farm shop investment?

  The farm shop's annual turnover grew to £700,000, employing 20 people.
• How does Cornwall Council support businesses now?

  Cornwall Council offers rebates on business taxes through its Enterprise Zone.
• What role do environmental stakeholders play in Cornwall's regeneration?

  Environmental stakeholders, such as the National Trust, promote Cornwall’s environment and potential for renewable energy.
• What is the role of educational stakeholders in Cornwall's regeneration?

  Educational stakeholders, like Combined Universities in Cornwall, help reduce the "brain drain" and support the local economy.
• What was the coverage of superfast broadband in Cornwall by 2016?

  Over 95% of Cornwall had fibre broadband, the world’s largest rural fibre network
• How much funding was provided for superfast broadband in Cornwall?

  £53.5 million from the EU and £78.5 million from BT.
• What is the Extreme Sports Academy at Watergate Bay, Newquay?

  It offers surfing courses and runs a local hotel, employing 50-60 people.
• What is the Fifteen restaurant in Newquay?

  A restaurant that trains local young people from disadvantaged backgrounds in catering.
• What is the Combined Universities in Cornwall (CUC)?

  A university initiative in Falmouth aimed at offering degree courses, helping graduates set up businesses, and reducing the "brain drain."
• How has Falmouth's student economy helped Cornwall?

  It has created a healthy property rental market and a vibrant evening economy with bars and restaurants.
• What is Wave Hub?

  A wave-power project off Cornwall's coast that acts as a 'socket' for wave-energy converters to generate electricity.
• How much did Wave Hub cost and what are its job prospects?

  It cost £42 million and could generate £76 million over 25 years, creating 170 jobs.
• How much did the Eden Project cost and how was it funded?

  It cost £140 million, with 75% funded by the Lottery, the government, and the EU.
• What economic impact has the Eden Project had on Cornwall?

  It has generated £2 billion for Cornwall’s economy, attracted 15 million visitors, and employed 650 people.