Paul F. I. Cole (born 11 September 1941) is a British racehorse trainer. Since 1987 he has been based at Whatcombe Estate in Oxfordshire, the former stables of Dick Dawson and Arthur Budgett.
He was British flat racing Champion Trainer in 1991, the year in which he trained Generous to win the Epsom Derby. Notable owners he has trained for include Prince Fahd bin Salman and Martyn Arbib, and regular jockeys have been Richard Quinn and Alan Munro.