Work is well under way on a £6.1 million gateway project at the entrance to Camborne at Tolvaddon.
Western Power Division is redeveloping its existing site to provide a new office/ engineering/ storage facility, supported by £2.2m from the ERDF Convergence Programme.
David Withers, WPD's property manager said: "The project represents a substantial investment in Cornwall and the Tolvaddon site, and will secure Western Power Distribution's position as a major employer in the local economy.
"We are delighted to have secured the ERDF Convergence grant funding, which was a critical element of the funding package for the project."
The project reinforces the existing Western Power Distribution operation in Cornwall in the long term with nine jobs safeguarded and a further nine projected by 2015.
Chris Pomfret, chairman of the LEP and deputy chairman of the Convergence Local Management Committee, which steers the Convergence programme said: "This is a great example of the private sector benefiting from ERDF Convergence investment opportunities.
"The statement building will not only enhance the gateway to CPR but also provide the investment to help create new jobs and a long term presence within Cornwall for Western Power Distribution."
The new building will have a floor area of 3,200 square metres.
Midas Construction is the main contractor for the project.
Business Location Services Ltd of Truro undertook the preparation of the ERDF Convergence funding application on behalf of Western Power Distribution
Gareth Beer, director of development for Cornwall Development Company, said: "The investment in this important gateway site to Pool demonstrates how well public and private partnerships can work in practice.
"It will significantly enhance the area and is testament to the earlier investment in the East Hill Junction infrastructure access from the A30, which itself formed a key part of the CPR regeneration programme."