The Government has announced that an additional £40 million will be made available to coastal communities as part of the Coastal Communities Fund. The fund was first announced in 2012 and since then has funded 278 projects at a total cost of £170 million.
The Government’s announcement comes on the day that the Social Market Foundation released a report showing that the economic gap between coastal and non-coastal areas is increasing. The report said that average wages were £3,600 lower in coastal communities, with five of the ten highest unemployment areas in the country were coastal.
Jake Berry, the Coastal Communities Minister, said in a statement:
“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”.