The considerable amount of money has been made available thanks to a 5-year, £5 million scheme, announced as part of the 2014 budget statement.
It is the second year in a row that the life-saving charity has received funding from the scheme, now totalling almost £50,000.
Ryde Inshore Rescue will be using the money to help purchase much-needed equipment for the station including a new launch vehicle and trailer, 6 new radios and 5 new lifejackets.
Maritime Minister, John Hayes, said:
“Every day countless volunteers in water rescue charities across our island nation carry out vital work during emergencies, not only around our coasts but also keeping our rivers, lakes and inshore waters safe.
“It is imperative that we value and support their tireless efforts. I am delighted to be able to announce the latest round of funding, ensuring they have the equipment and resources they need to provide their round-the-clock lifesaving services”.
Ady Farrell, Chairman of Ryde Inshore Rescue said:
“All of the new equipment is desperately required so we can carry on offering the service that we do.
“With this being said, it is by no means that we still don’t need the help from everyone who supports us, either with their time or money”.
£22,816 has also been granted to Freshwater Independent Lifeboat.