I thank the hon. Member for his intervention. I am sure that in the fullness of time, we will receive more details on that funding, which will be very important for the fishing industry—we are certainly very keen to ensure we see the benefit of it within Cornwall. It has to be practical, and it has to be applied where it is most appropriate.
The issue of homes is an important one. When homes become investments rather than homes for local people, communities lose their heart and young people lose their future. As such, the next pressure I want to highlight is educational isolation and the lack of opportunity facing young people in remote coastal locations, which has been mentioned. Research from Plymouth Marjon University shows that schools in such locations struggle in vital areas, including school staff recruitment and retention, support and external investment. Poor transport links, rural roads and seasonal traffic make travel difficult, limiting opportunities for both pupils and teachers and deterring potential recruits.
Our young people are presented with Hobson’s choice: move inland to find work opportunities, or face an uncertain future with limited prospects of a home of their own. That migration reinforces geographic inequality. In a recent report on the issue, the Institute for Fiscal Studies noted:
“Reducing economic disparities…requires bringing opportunity to people—not just raising skills, but building places where skills are rewarded.”
Its report specifically highlights that coastal areas tend to lose out, with migration reducing average earnings by over 5% in parts of Cornwall. Young people face the “half-compass effect”, with the sea on one side, poor transport on the other, and limited access to employers.
A direct consequence of that lack of youth opportunity can be seen in the age profile of remote coastal communities. According to the Office for National Statistics, the median age in coastal built-up areas is 42—three years older than in non-coastal areas—and 25% of residents over 16 are retired, compared with 20.6% inland.