Rt. Hon Sir Hugo Swire MP urges businesses in East Devon to bid for transformative government fund to boost coastal economy

Yesterday, the government announced a further £40 million to support communities along Britain’s coastline.

The South West has already benefited from over £24million in the first three rounds of funding and yesterday’s latest round of funding will aim to boost economic growth and jobs in the area by attracting even more visitors to the Great British Coast.

Sir Hugo has urged community groups and organisations in East Devon to bid for their share of the Coastal Communities Fund. The fund has already provided £170 million to 278 regeneration projects around the country, and has seen 2 million more people spending an additional £171 million visiting our coastal communities.

With coastal tourism worth around £8 billion in the to the UK economy each year this renewed commitment will allow organisations and business to benefit from thousands of new jobs and millions of pounds in investment.

Sir Hugo commented:

‘This new funding will help attract even more tourists to our coast and help our seaside towns and coastal areas thrive.’

‘With so many Brits choosing to stay at home for their holidays each year I am pleased that East Devon has already received a share of funding, boosting the local and regional economy, and I would encourage other charities and community groups in the area to see how they could make use of this fund.’

‘Yesterday’s announcement shows that we are delivering for coastal communities and are committed to providing the support they need to thrive.’

More information on bidding for the fifth round of funding can be found at https://www.gov.uk/government/news/40-million-to-create-jobs-and-boost-visitors-to-the-great-british-coast