European Regional Development Funding worth more than half a million pounds is being invested in Liskeard, South East Cornwall. The funding is part of the Cornwall and Isles of Scilly Growth Programme. The investment is capitalising on Cornwall’s EU funded superfast broadband connectivity and is seeking to revolutionise financial technology and develop a new, high skilled jobs sector.
CFT Group is the name of the company leading this exciting project. The aim is to modernise the old method of direct debit payments. Making a more flexible method of payments will, the company say, help both merchants and consumers and should reduce the risk of people finding themselves in avoidable debt. CFT Group have contributed £239,277 to the project plus an additional £200,000 in non-project related funding.
The project is already underway and will complete by the end of 2018. The Cornwall and Isles of Scilly Growth Programme builds on previous European investments. This project is part of a number of investments in Research, Development and Innovation which aims to stimulate new, high value and high growth business in Cornwall and the Isles of Scilly.