The current arguments over matched funds for Objective One are counter productive and damaging.
They are seriously undermining business confidence in the programme. Confidence that is vital if we are to see assistance in the form of private investment.
The FSB represents small business in the partnership bidding for the fund and it is clear that everyone wants to see the maximum benefit from the programme.
We should be working together to pull as much cash into it as possible.
Time and effort is being wasted in recriminations instead of finding a way forward.
Arguments over government funding levels are drawing attention away from other vital issues such as the delivery mechanisms that will allow businesses to benefit from the programme.
Another concern is that currently only 13% of the Objective One funds are allocated to small businesses other than farming and fishing. Given that over 90% of businesses in Cornwall employ under 200 people, we are of the opinion that this must be increased to maximise the massive impact that small businesses have in our economy.
The opportunity which Objective One gives us is enormous and businesses should not be disillusioned by the current public arguments.
If more money is allocated to Small Business financial support, dynamic management is applied and the Government plays its part, then there is no reason why Cornwall cannot emulate Ireland's success.
Ultimately there will be Objective One money available and we must gather as much UK public and private funding as possible to match that from Europe. It isvery disappointing that our Government is not forthcoming with the help that we need and we fully support those who are fighting that corner but care must be taken not to dilute enthusiasm in the business sector.
Ann Vandermeulen
Federation of Small Businesses
Cornwall Region