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DA21 - Sustainable Dorset newsletter
Coastal Communities Fund
Coastal communities across the United Kingdom are going to receive a multi-million pound boost each year from a new Coastal Communities Fund.
The new fund is designed to support the economic development of coastal communities and will support a wide range of projects, including those that support charities, the environment, education and health.
Every coastal community in the UK will have the chance to bid for a share of the new money, and the Government is in discussion with the Big Lottery about the detailed terms on which they could deliver the funds to communities.
The fund will be linked to the revenues that are raised by the Crown Estate’s marine activities each year. In April 2012 there will be £23.7 million available in the Coastal Communities Fund - 50% of the £47.4 million revenue raised by the Crown Estate’s marine activities in 2010-11.
Chief Secretary, Danny Alexander said: “Coastal Communities share a strong sense of place and it is only fair that we share the Crown Estate’s revenues equally. We welcome innovative bids from charities, businesses, social enterprises and local organisations, which support the economic development of the community”.
Application Procedure
The Fund will open for business in April 2012. Further details on how to apply to the Fund will be published shortly.
