£29 million fund to boost seaside towns
Deprived coastal towns are being invited to bid for a share of a £29 million pot of money.
The government's Coastal Communities Fund is being extended to 2014-15.
It aims to give seaside towns and resorts a boost and help them restore some of their former glories.
The fund could help create hundreds of opportunities for local apprentices and support jobs and businesses in the areas.
It comes just days after Skegness was named as the seaside town with the highest above-average levels of deprivation in Britain by the Office for National Statistics.
Ursula Lidbetter, Chair of the Greater Lincolnshire Local Enterprise Partnership, said: "The LEP will be working hard on key projects to win its share of these funds, and we’re very pleased that the Greater Lincolnshire lobbying effort, through the LEP and the Coastal Communities Alliance, has paid off with additional funding allocated."
The fund is financed by the Crown Estates, which own the rights to fish-farms, wind farms, ports and marinas.
Successful bids for a share of the money are given funds equivalent to half of revenue generated from things like offshore wind and tidal power.