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£40 million fund to transform UK’s coastal communities opens for applications
500 new businesses supporting 5,500+ plus jobs have been created thanks to the government’s Coastal Communities Fund.
The opening of the next £40 million round of applications was announced by Coastal Communities Minister, Jake Berry, while visiting Barrow-in-Furness to see first hand how the fund has delivered major economic benefits for the Cumbrian town and wider coastal area.
Coastal Communities Minister, Jake Berry, said:
"I’m delighted to announce that applications are now open for the next round of the Coastal Communities Fund.
"Coastal Communities up and down the country from Barrow-in-Furness to Brighton have been boosted by this funding which has spurred inward investment, sustainable growth, new jobs and exciting economic opportunities for local businesses.
"By 2020, we’ll have invested nearly a quarter of a billion pounds in our seaside areas, providing thousands of jobs, training places and opportunities along the Great British Coast."
The Coastal Communities Fund (CCF) supports the economic transformation of UK coastal communities by giving funding to create sustainable economic growth and jobs.
Since 2012, the government’s CCF has awarded grants to 295 projects across the UK, totalling over £174 million. Analysis shows this has been money well spent, with every £1 invested having the potential to create an up to £8 boost to our coastal economies. Successful projects have included:
Prospective applicants for round 5 of the Coastal Communities Fund can access the full guidance to submitting their application on GOV.UK.
Funding for round 5 will cover the period 2019-20 to 2020-21 with funds becoming available from April 2019.
We are also looking to fund a small number of revenue projects which are ‘ready to go’ and can be fast tracked. Successful fast-track projects will be announced in summer 2018 and we will expect them to be able to start quickly.