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£24m seaside revamp fund unveiled

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A £24m fund aiming to rejuvenate seaside towns has been launched by the government.

Communities secretary Eric Pickles and chief secretary to the Treasury Danny Alexander are pioneering the £23.7m Coastal Communities Fund.

Organisations are being invited to apply for the cash to "diversify and transform seaside economies".

Successful applicants can expect to get a grant of between £50,000 and £2m, the government said.

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."

The fund is to be financed by the government from revenues from the Crown Estate's marine assets.

 
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