The work of the Economic Development Department is the delivery of the Isles of Scilly Integrated Area Plan and maximising Objective One spend on the islands.

The Economic Development Department is at:

The Town Hall
St. Mary's
Isles of Scilly
TR21 0LW
Contact: Julian Pearce
Tel: 01720 424312

Email: economicdev@scilly.gov.uk

What is Objective One?

Objective One is the chance to make great changes to our economy. We all know that the economy of Cornwall and the Isles of Scilly has taken a rough ride. In fact, our GDP is below the European average. For this reason, Cornwall and the Isles of Scilly are now classified as an Objective One region.

Objective One is a 7-year (2000-2006) European Structural Fund Programme and in terms of money this amounts to £300 million. The way this money will be spent is detailed in a large document called the Single Programming Document (or SPD), and this forms a contract between the UK Government and the European Commission.

The Objective One Programme is different from other European Funds you might be aware of, such as the 5b Programme. The big difference is targeting. Because Objective One is an economic fund, it's aimed at improving our GDP, with the majority of funds linked to businesses (26% directly and 80% indirectly).

The Objective One aim is to create "a prosperous Cornwall and Scilly where all people and communities share in an improving quality of life".

www.objectiveone.com Opens in a new window

What types of EU funding are available to us?

There are 4 funds in the Objective One Programme, each with specific targets. These 4 funds are:

1. European Regional Development Fund (ERDF)

   This fund is aimed at promoting sustainable economic development and employment, whilst protecting and improving the environment.

2. European Social Fund (ESF)

   This fund is aimed at training and developing people, including helping disadvantaged groups access the labour market.

3. European Agricultural Guidance and Guarantee Fund (EAGGF)

   This fund is aimed at the production, processing and marketing of agricultural and forestry products, as well as developing potential in rural areas.

4. Financial Instrument for Fisheries Guidance (FIFG)

   This fund is aimed at achieving a balance between fish stocks and fishing.

• Council of the Isles of Scilly
• Town Hall
• St Mary's
• Isles of Scilly
• TR21 0LW
• Tel: 01720 422537
• Fax: 01720 424017
• Email: enquiries@scilly.gov.uk >

• Tell us your change of address
• Planning information and planning applications
• Link to DirectGov Opens in a new window
• Weather Forecast from the BBC Opens in a new window
• For documents in PDF format, download the Adobe Acrobat Reader Opens in a new window free