Member Article

Government announces £27 million pot for coastal economies

The Government has unveiled £27 million of spending power for local authorities in coastal areas, to be used in job and apprenticeship creation.

Chief Secretary to the Treasury Danny Alexander and Communities Secretary Rt Hon Eric Pickles announced that just over fifty projects would benefit from the pot.

The Ministers also announced that bidding for the next round of the £64 million Coastal Communities Fund is now open and that bids on coastal flood protection and repair would be prioritised.

This Fund will be equal to 50% of the revenues generated by the Crown Estate’s marine assets

Danny Alexander said: “The Coastal Communities Fund allows us to help communities across the UK to rebuild and regenerate their local economy, with projects this year supporting nearly 4,000 jobs and 1,000 training places.

“This is even more important given the extreme weather and I’m very pleased we’re giving £17 million of the fund to projects in areas hit by floods. Additionally, we have invested £5 million from the fund’s reserve into the government’s programme for flood recovery.

“The Coastal Communities Fund is supporting some of the most fragile communities. It is a great way to make sure that people living around our coastline can share in the benefits of the increased returns for the Crown Estate’s marine activities.”

Details of the fund winners can be found here.

This was posted in Bdaily's Members' News section by Tom Keighley .