The government has been urged to ensure that Cornwall gets its fair share of funding, during a Westminster Hall debate on 18 December 2012.
Opening the debate, the Liberal Democrat MP for North Cornwall, Dan Rogerson said the county was made up of a "significant population in a peripheral location".
In addition to funding from the UK government, Cornwall has also been eligible for funding from the European Union as part of its so-called convergence criteria, where support is given to less economically developed regions of the EU.
However, concerns have been raised over the level at which this funding will continue in the next long-term budget of the EU that runs from 2014-2020.
Treasury Minister David Gauke insisted that the "spending power" of Cornwall Council had reduced less than the average in England.
He added that the government was committed to ensuring that power and decision-making abilities were shifted to a local level.