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09/02/2012 - Government Announces Launch of the Coastal Communities Fund

Details about the launch of a new £23.7 million programme supporting the prosperity and rejuvenation of the UK's coastal towns have been announced by the Government.

The Coastal Communities Fund (CCF) will support the economic development of coastal communities by promoting sustainable economic growth and jobs, so that people are better able to respond to the changing economic needs and opportunities of their area.

Grants of between £50,000 and £2 million will be provided through the scheme. The funds can be used to support both capital and revenue projects and communities will be encouraged to match funds with other pots of money.

Examples of activities that may be eligible for funding include:

  • supporting skills and training initiatives to improve job prospects;
  • maintaining and developing specialised tourist infrastructure;
  • managing and adapting to flood and coastal erosion risk;
  • supporting social enterprises to bring new economic opportunities and jobs;
  • offering apprenticeships to school leavers;
  • creating new workspaces to support and grow local economies;
  • boosting local approaches to promoting enterprise and economic regeneration;
  • supporting sustainable transport improvements.

Innovative bids will be welcomed from businesses, social enterprises, local enterprise partnerships, charities and local authorities supporting the economic development of the community.

Announcing the new programme, Communities Secretary Eric Pickles said:

"Seaside towns and coastal communities have huge potential for economic growth that we simply can't afford to waste - this fund can make all the difference to these places we all know and love.

"This is a great opportunity for long overlooked seaside towns, large and small, to grab a chance to grow through imaginative and innovative projects that create, skilled workers, and provide year round jobs that build stronger local economies."

Expressions of Interest will be invited from early March with a deadline of 30 March 2012.

Click here to access the Fund Prospectus (opens in new window).

Source: Department for Communities and Local Government, 09/02/12


News provided by j4bgrants.co.uk.

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