Party donations in Cornwall update

Back in February I revealed the sources of local party donations received in 2014. I’m updating that blog here and extending the coverage back to January 2011, although that earlier piece contains some information not repeated here, for instance about individual donors in Cornwall. All donations to a constituency party above £1,500 have to be reported to the Electoral Commission. The following analysis is based on details of donations provided on the Commission’s website for the period from 1st January 2011 to now.

Here’s the headline picture by party.

Donations of £1,500+ Jan 2011-Jan 2015

Type of donor Conservative Liberal Democrat Labour Ukip Greens MK
Local individuals £16,287 £64,858 £2,500 none none none
External donors £38,436 none none none none none
Companies £14,188 £2,000 £119,121 none none none
Total £68,911 £66,858 £121,621 none none none

While the Greens and MK turned to crowdfunding to fund their campaigns we can see why the three Westminster parties didn’t need to bother with such small stuff. Nonetheless, there are interesting differences between the three neo-liberal, centr[al]ist parties. For instance, 44% of Tory donations came from outside Cornwall. The United and Cecil Club gave £5,000 to Steve Double’s campaign in St Austell and Newquay, another £5,000 to Derek Thomas at St Ives and £2,100 to George Eustice in Camborne and Redruth.

This organisation is described as ‘low profile’ and is registered at a stables in Iver, Bucks run by a former tobacco lobbyist. It’s also the bunch that organised a Tory fundraising bash in Knightsbridge, estimated to have raised at least £100,000 from the assorted super-rich who attended. Basically, it’s a conduit for channelling cash to Tory marginals, in the process providing some anonymity for its donors. Steve Double has also been boosted by another £4,187 from the Tandridge Club, another shadowy organisation based in Surrey and one with presumably the same function as the United and Cecil Club.

Nevertheless, the Tories receive the bulk of their local donations from local party organisations, although this was heavily concentrated in just two constituencies – St Austell and South East Cornwall. The rest came from companies. George Eustice at Camborne and Redruth was presumably grateful for £2,000 from FalFish, of Cardrew Industrial Estate, Redruth. Meanwhile, the Offshore Group of Newcastle (north of Bude), a firm involved in offshore oil and gas and renewable energy gave £10,000, split evenly between Sarah Newton at Truro and Sheryll Murray in South East Cornwall. With no obvious connections with Cornwall the fact that this compnay chose to support the two Tories best placed to retain their seats may be interesting. Not much chance of getting Sarah and Sheryll voting to stop further public subsidies for offshore oil and gas exploration then. Sarah was also given £2,188 by the local branch of London investment company FC Fund Managers.

What about the other wing of the coalition Government, the Lib Dems? Only Andrew George at St Ives has received a donation direct from business. He got £2,000 from the Chadwick brothers of Falmouth, who own the fashion firm Seasalt. The other Lib Dem candidates, while rather surprisingly funded overall almost as well as the Tories, seem to be dependent on individuals rather than businesses or organisations. But the vast bulk of the money collected for the Lib Dems was in just two constituencies – St Austell and Newquay and Camborne and Redruth. Rather curiously, in marginal North Cornwall neither Lib Dem incumbent nor Tory challenger seem to have been recipients of any donations since 2011.

But the really big money locally has been flowing to the Labour Party. Or more precisely one Labour candidate – Michael Foster at Camborne and Redruth. His campaign has benefited from £119,121 of donations over the past year, £42,727 to pay for ‘administrative services’ and £76, 392 described as ‘other’, maybe including payment for the rather well-produced newspapers which have been regularly falling onto local doormats over the past year.

This money all comes from Fostermco Ltd, whose sole director is – you’ve guessed it – media entrepreneur and millionaire Michael Foster. The company appeared to have had a paid up capital of ten pence in June 2014. This self-proclaimed ‘new’ sort of politician actually seems to have reverted to the rather old 18th century practice of buying your constituency. Fostermco has also given £191,766 in cash donations to central Labour Party funds in the last couple of years, as well as £4,000 to Enfield North and £1,000 to Finchley CLPs.


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