{"id":68969,"date":"2016-03-24T00:00:22","date_gmt":"2016-03-24T00:00:22","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=06b7c70c597c082175cdaf3ee2fcdf7a"},"modified":"2016-03-24T00:00:22","modified_gmt":"2016-03-24T00:00:22","slug":"press-release-investment-in-great-british-coast-is-money-well-spent","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=68969","title":{"rendered":"Press release: Investment in Great British coast is money well spent"},"content":{"rendered":"<div class=\"govspeak\">\n<div class=\"call-to-action\">\n<ul>\n<li>coastal resorts to realise a financial boost that is forecast to create or safeguard up to 18,000 jobs<\/li>\n<li>potential for up to \u00a38 boost for every \u00a31 invested<\/li>\n<li>\u00a3120 million invested in Coastal Communities Fund since 2012<\/li>\n<\/ul>\n<\/div>\n<p>New analysis shows the Great British coast could see an up to \u00a38 boost for every \u00a31 invested, Communities Minister Mark Francois revealed today (24 March 2016).<\/p>\n<p>The minister said that the government\u2019s investment \u2013 whether through arts and heritage projects, new business hubs and tourist attractions \u2013 was bringing a financial boost and was forecast to help create or safeguard up to 18,000 jobs in seaside resorts.<\/p>\n<p>Since 2012, the government has invested \u00a3120 million in projects through a dedicated Coastal Communities Fund.  <\/p>\n<p>Now a <a href=\"https:\/\/www.gov.uk\/government\/publications\/coastal-communities-fund-annual-progress-report-2015\">report<\/a> today reveals this funding has the potential to generate an annual \u00a3320 million boost to the coastal economy over the next few years \u2013 equivalent of up to \u00a38 for every \u00a31 investment. <\/p>\n<p>Communities Minister Mark Francois said:<\/p>\n<blockquote>\n<p>We\u2019re determined to unleash the enormous potential of our Great British coast, which is why we\u2019ve invested \u00a3120 million in the last 3 years alone.<\/p>\n<p>We\u2019ve already helped more than 200 projects get up and running across our much-loved seaside towns, bringing not just a wave of excitement but also protecting or creating up to 18,000 jobs.<\/p>\n<p class=\"last-child\">And with every \u00a31 we invest having the potential to create an up to \u00a38 boost to our coastal economies &#8211; that\u2019s money well spent.<\/p>\n<\/blockquote>\n<h2 id=\"a-sea-change-of-investment-along-britains-coasts\">A sea-change of investment along Britain\u2019s coasts<\/h2>\n<p>More than 11 million people live in coastal communities, from major cities to seaside villages. <\/p>\n<p>The tourism industry alone accounts for the employment of 250,000 people across 150 seaside resorts, and contributes \u00a34 billion to the UK economy.<\/p>\n<p>But to help coastal areas reach their economic potential, more than 200 seaside projects &#8211; which support the ambitions of thousands of small businesses, budding entrepreneurs and apprentices &#8211; have been launched, enhanced and improved thanks to Coastal Communities Fund grants.  <\/p>\n<p>Successful projects funded include:<\/p>\n<ul>\n<li>Blackpool city council, awarded more than \u00a31.9 million to radically transform its iconic illuminations, with the potential to create up to 500 new jobs in the local area<\/li>\n<li>Cornwall Tate St Ives, awarded \u00a34 million to renovate and expand its gallery so visitors can use it all year round. This is forecast to bring in an addition \u00a387 million benefit to the local community over 10 years<\/li>\n<li>The Welsh National Sailing Academy and Event Centre in Pwllheli, awarded \u00a3120,000 to create a venue which provides the beating heart of Welsh sailing and bring an extra 10,000 visitors in a year<\/li>\n<li>The Hebridean Whale and Dolphin Trust, awarded over \u00a3123,000 for its work in nature tourism and education. Whale watching is a growing tourist activity which now  employs over 130 people and is worth some \u00a38 million to coastal economies across the UK<\/li>\n<li>Ballycastle Town Market, awarded \u00a396,901 to provide training, business support and facilities for local craftspeople and food producers, helping them take the first steps towards becoming sustainable businesses<\/li>\n<li>Scarborough Market who were awarded \u00a32.7 million to revamp the historic town market. It will create a hub for year round employment, an outlet for 30 new business entrepreneurs and a showcase for local food produce<\/li>\n<li>The Old Low Light Heritage Centre, at North Shields Fish Quay, awarded \u00a31 million to renovate the facility, train community curators, and create a flexible multi-use venue. Already this has attracted more than 12,000 visitors<\/li>\n<\/ul>\n<p>On top of this, the government has also given its support <a href=\"https:\/\/www.gov.uk\/government\/news\/coastal-community-teams-to-take-control-of-seaside-regeneration\">to over 100 new local coastal teams<\/a> to help revive seaside towns and decide where new investment goes.  <\/p>\n<p>Local people involved in the teams were given \u00a310,000 to kick-start work and given expert guidance to help shape their own towns\u2019 future prosperity. <\/p>\n<p>More recently 77 projects ranging from theatres to piers and lidos to lighthouses, <a href=\"https:\/\/www.gov.uk\/government\/news\/iconic-coastal-heritage-sites-set-for-3-million-makeover\">received an addition share of \u00a33 million<\/a> in December through the Coastal Revival fund to help restore them to their former glory. <\/p>\n<p>Due to the exceptional quality of the bids received, another \u00a31 million coastal revival funding will be available in 2016 to 2017 for projects that narrowly missed out being selected. Further details will be announced in due course.<\/p>\n<h2 id=\"further-information\">Further Information<\/h2>\n<p>The <a rel=\"external\" href=\"https:\/\/www.biglotteryfund.org.uk\/ccf\">Coastal Communities Fund<\/a> is financed by the government through the funding equivalent of 50% of the revenues earned from the Crown Estate\u2019s marine activities in England and the devolved administrations. <\/p>\n<p>Details of future bidding for the Coastal Communities Fund will be announced later this summer. Awards to projects range from \u00a350,000 to \u00a34 million. <\/p>\n<p>According to the Big Lottery Fund, the Coastal Communities Fund projects have the potential to generate a \u00a3320 million annual Gross Value Added. <\/p>\n<p>This is an economic forecast which assumes that new jobs are created at an average salary of \u00a325,000 and generate additional value in local economies over a 3 year period.<\/p>\n<p>Read the <a href=\"https:\/\/www.gov.uk\/government\/publications\/coastal-communities-fund-annual-progress-report-2015\">Coastal Communities Fund annual progress report 2015<\/a>.<\/p>\n<div class=\"contact postal-address\" id=\"contact_40\">\n<div class=\"content\">\n<h3>Office address and general enquiries<\/h3>\n<div class=\"vcard contact-inner\">\n<p class=\"adr\">\n<span class=\"street-address\">2 Marsham Street<br \/>\n<br \/>\nLondon<\/span><br \/>\n<span class=\"postal-code\">SW1P 4DF<\/span>\n<\/p>\n<div class=\"email-url-number\">\n<p class=\"contact_form_url\">\n              <span class=\"type\">Contact form<\/span><br \/>\n              <a href=\"http:\/\/forms.communities.gov.uk\/\">http:\/\/forms.communiti&#8230;<\/a>\n            <\/p>\n<p class=\"tel\">\n              <span class=\"type\">General enquiries:  please use this number if you are a member of the public<\/span><br \/>\n              030 3444 0000\n            <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"contact \" id=\"contact_171\">\n<div class=\"content\">\n<h3>Media enquiries<\/h3>\n<div class=\"vcard contact-inner\">\n<div class=\"email-url-number\">\n<p class=\"email\">\n              <span class=\"type\">Email<\/span><br \/>\n              <a class=\"email\" href=\"mailto:press.office@communities.gsi.gov.uk\">press.office@communities.gsi.gov.uk<\/a>\n            <\/p>\n<p class=\"tel\">\n              <span class=\"type\">Please use this number if you&#8217;re a journalist wishing to speak to Press Office<\/span><br \/>\n              030 3444 1201\n            <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New analysis shows the Great British coast could see an up to \u00a38 boost for every \u00a31 invested.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/68969"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=68969"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/68969\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=68969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=68969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=68969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}