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Regional Development

Business leaders say Westcountry has unique opportunities in the post-Brexit economy

The CBI is calling on the government to focus on the services sector

A Union flag and EU flag (Image: PA)

The Westcountry has unique opportunities to lead the way in the post-Brexit economy, the region’s business leaders say.

They were speaking after a Confederation of British Industry (CBI) report yesterday called on the Prime Minister to ensure a trade deal with Brussels that minimises bureaucracy to ensure a strong economy.

Ministers are expected to commit to seeking to obtain a Canada-style agreement with zero tariffs in the negotiating mandate scheduled for publication on Thursday.

But this could set up a clash with the EU after its chief negotiator, Michel Barnier, ruled out the possibility the º£½ÇÊÓÆµ can have the same deal as Canada has.

Much of the focus until now has been on goods and produce, but the CBI called on the government to focus on the services sector, which forms 80% of the º£½ÇÊÓÆµ economy.

Kim Conchie, chief executive of Cornwall Chamber of Commerce

Kim Conchie, chief executive of Cornwall Chamber of Commerce, said that cutting red tape would provide a big boost to the economy – but that had to start with our own civil servants, who frequently “lead-plated”EU regulations.

That was part of the reason why EU-funded schemes in Cornwall had failed, he said.

“It was Cornwall which decided locally that tourism would be ineligible for EU funding, on the basis that it was strong enough to look after itself.”