A £90m funding pot has been offered to seaside towns looking to unlock regeneration, as the Coastal Communities Fund is extended until at least 2020.
Regions have now been offered the opportunity to bid for the new pot of funding as communities secretary Greg Clark affirms his determination to ‘revive’ coastal locations.
The Coastal Communities Fund has already invested nearly £119m on 211 projects, improving local infrastructure and economic projects across the UK, helping to create almost 13,700 jobs and provide more than 10,280 training places and apprenticeships.
Clark said: ‘Britain has a proud seaside tradition which this “one nation government” is determined to revive so they can be year-round success stories. Unlocking the economic potential of our seaside towns will create jobs, build infrastructure and boost local economic growth.
‘We know our multi-million Coastal Communities Fund is already having a big impact on communities and local seaside economies, and the extension of the fund will mean other areas will have the chance to bid for funding.’
Coastal communities minister Mark Francois said: ‘I’m delighted our Coastal Communities Fund will continue. This government investment ensures areas can create skilled workers and year round jobs that will build stronger communities and stronger local economies.
‘This fund, together with the creation of our Coastal Community Teams, will be an important catalyst for change and help secure the long-term future of our seaside towns so communities can drive forward their vision, unleash business opportunities and thrive.’
‘The enterprises taking place within the fund include commitment to improving transport infrastructure and broadband connectivity and improving flood defences and opportunities for local people, while some areas are offering incentives for businesses to start up or expand.’