There is relief for the owners of Jubilee Wharf and Jubilee Warehouse in Penryn as they have been told they do not need to pay back EU funding.

Robotmother, the company which created and manages the developments on the banks of the Penryn River, had been told that they might have to pay back some of the money, following a recent enquiry which was part of an audit to ensure that all EU grants are spent properly

But they have now had confirmation that the Department for Communities and Local Government (DCLG) and the EU are happy that all aspects of the project were compliant with the strict EU funding criteria.

Andrew Marston, managing director of Robotmother, said: "When you get EU funding there are lots of hoops to jump through, which is fair enough when you’re custodians of public money.

"We were happy to answer the queries raised by DCLG. It is important that public money is spent wisely and we feel that Jubilee Warehouse has been a sound investment of EU money, further regenerating this part of Penryn."

He added: "We are very relieved that we don’t have to pay back any grant; some local projects have had to pay back significant sums and it can be really crippling.

"As a county we’ve gained so much from being in the EU, like clean beaches, superfast broadband and improved roads. It’s hard to imagine central government helping to fund projects in Cornwall to the extent the EU has. EU funding is based on the poverty in Cornwall - Westminster doesn’t apply the same sorts of conditions for government funding."