Funding news - 04/09/2017
Government Announces £40 Million to Boost Visitors and Jobs in England's Coastal Towns from Early 2018
The government has announced details of an upcoming new round of funding for England's coastal towns to be awarded through the Coastal Communities Fund (CCF), which is due to relaunch early next year.
The Fund supports the development of coastal locations by promoting sustainable economic growth and jobs, enabling local people to respond to the changing needs and opportunities in their area. The CCF supports a wide range of projects, including those that support charities, the environment, education and health.
Settlements along the country's coastline will benefit from thousands of new employment opportunities and millions of pounds of additional money in visitor spending when the Fund launches its fifth round in early 2018.
Coastal Communities Minister Jake Berry confirmed that the upcoming round (for 2019 to 2021) will provide at least £40 million to help England’s coastal areas further transform their economies and boost jobs in their local area.
The government has already provided £170 million for 278 projects around the country since the CCF was launched in 2012 and it is understood that this has resulted in two million more people visiting the coast and spending an additional £171 million. This investment has helped 485 new businesses in starting up and the creation of 5,569 new jobs. The government expects these figures to nearly triple once the first three rounds of projects have been completed.
Announcing the forthcoming new funding round, Jake Berry said:
"From the world-renowned Blackpool illuminations to Brighton's i360, our coastal towns and cities have a lot to offer all year round.
"That's why we're backing them with another £40 million of government funding, helping to boost economic growth and create jobs.
"This year is already looking like another record year for staycations and our latest round of funding will help attract even more visitors to the Great British Coast so that our coastal communities can thrive."
Further details of the new funding round will be reported when they become available in early 2018.
Source: Department for Communities and Local Government, 04/09/2017