An accurate list has been compiled of objective one benefactors in Cornwall and the Isles of Scilly. Despite many applications and pending decisions still to be made, there are only two projects within the Islands which have received conformation of funding availability.
Both projects which are to received help from the Objective one ( the European fund for lesser developed regions) are connected to the Isles of Scilly Council. The two projects which have benefited from a total of ?589,015 of European Money have been the Isles of Scilly Learning Centre (which received ?124,015) and a project to develop the Incinerator on St. Marys with additions, designed to reduce emissions (which has received ?465,000). The two projects received approximately 50% of their financial backing from objective one.
The Isles of Scilly Learning Centre’s main aims have been to help local people develop Information Technology skills with courses which can be provided via the internet and other advanced technologies. The development which is currently being undertaken on the incinerator, focuses on decreasing harmful emissions into the atmosphere, primarily by fitting a secondary Burn Chamber.
There have been many more applications which have not been processed yet ranging from areas such as transport to sports and recreation. The objective one status was billed as a massive benefit to Cornwall and the Isles of Scilly but in reality, red tape has prevented fast processing of applications. One prominent islander has criticised the organisation of the fund, saying that the people who really need the money are being put off by the complicated structure which has been implemented.