This article's factual accuracy may be compromised due to out-of-date information. Please help update this article to reflect recent events or newly available information.(June 2012)
The Eden Project, constructed in a used kaolin pitAn advertisement produced by the Great Western Railway
The economy of Cornwall in South West England is largely dependent upon agriculture, followed by tourism. Cornwall is one of the poorest areas in the United Kingdom with a GVA of 70.9% of the national average in 2015. [1] It is one of four areas in the UK that qualified for poverty-related grants from the EU.[2] Farming and food processing contributed £366 million to the county's economy in 2006, equal to 5.3% of Cornwall’s total GVA.[3] The agriculture industry in Cornwall employed 9,500 people (4.9% of all Cornish employees) as of 2011. 23,700 more (12.1% of all Cornish employees) were employed in the food industry in Cornwall. [4][3] The Cornish economy also depends heavily on its successful tourist industry, which contributes 12% of Cornwall's GDP[5] and supports about 1 in 5 jobs (19% in Kerrier, Restormel and Scilly, 24% in Penwith, 23% in North Cornwall, 22% in Carrick and 14% in Caradon).[6] Tourism contributed £1.85 billion to the Cornish economy in 2011.[5]
^"Regional gross value added (income approach), UK: 1997 to 2015". Office for National Statistics. 15 December 2016. Retrieved 23 March 2018.
^Whitehouse, Richard (3 October 2019). "28 Cornwall projects funded by the EU as Brexit looms". cornwalllive. Retrieved 18 July 2020.
^ ab"Cornwall County Council & Cornwall and Isles of Scilly Economic Forum" (PDF). S3.amazonaws.com. Retrieved 18 March 2019.
^"A review of Cornwall's Agrifood industry 2011" (PDF). Cornwallac.org. Archived from the original (PDF) on 5 March 2016. Retrieved 27 July 2015.
^ ab"Tourist earnings top £9bn in Devon and Cornwall". Western Morning News. 21 December 2012. Archived from the original on 14 June 2015. Retrieved 3 September 2016.
^"Annex 2 - Cornwall's Challenges and Concerns - The Evidence Base - Tourism in Cornwall". 15 June 2008. Archived from the original on 15 June 2008.
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