£60,000 has been awarded to the Isle of Wight’s Medina Valley Centre to help support the creation of a local events centre, the Government has announced today (Saturday).
The aim is to enhance the Medina estuary’s tourism offer with local hospitality providers and businesses and encourage more collaborative working and marketing. The grant covers half of the £119,900 project.
Government has awarded the money to 16 ‘Fast Track’ projects as part of the fifth round of the Coastal Communities Fund. The ‘ready to go’ projects have been selected to start work to transform their coastal communities in 2018-19 before the main round funding becomes available in April 2019.
The chosen beneficiaries, which range from a community arts project in South Shields to heritage boat tours in Falmouth’s historic docks, are collectively forecast to create over 1,100 jobs and are set to attract public and private sector co-funding of £2.4million.
Jake Berry MP, Coastal Communities Minister, has today said:
“It’s really exciting to see money from the Coastal Communities Fund help kick start these shovel ready projects, which have the potential to unlock the barriers to development and growth in our coastal communities.
“Investment in our seaside areas, through projects such as these, will provide nothing short of a New Deal for the Great British coast, creating thousands of jobs, training places and opportunities along the shore.”
Since 2012, the Fund has awarded grants to 295 projects across the UK, totalling over £173 million. This has helped to start almost 500 new businesses and create more than 7,000 jobs – with these figures set to more than double once the projects that are already underway are completed.