Coastal Communities Fund – Next Round Announced

Find out how your tourism business could benefit from the Coastal Communities Fund – next round announced. Applications will be invited for the new fund covering the period 2019 to 2021 from early 2018. At least £40 million of grants are available for seaside businesses and organisations to apply for.

The .gov website gives this information about the Coastal Communities Fund (CCF):

All projects funded through the CCF are expected to deliver an outcome where coastal communities will experience regeneration and economic growth through projects that directly or indirectly create sustainable jobs, and safeguard existing jobs.”

Coastal Communities Fund – Next Round Announced

The £40m in this fifth round of funding will be accessed by applications from early 2018. It was announced by Coast Communities Minister Jake Berry in September.

Previous rounds have seen £170m invested in 278 projects around the country, including the innovative new LightPool in Blackpool and the ‘Five for Fleetwood’ projects, which saw investment into the seafront around the Marine Hall Gardens.

At the start of 2017, a new Coastal Community Team was created for Cleveleys with £10,000 of funding from the CCF. The Team have already started a town centre group, made improvements to the street scene, and have many plans in store for the next 12 months. There are similar groups in the other towns of the Fylde Coast.

Creating Footfall, New Businesses and New Jobs

The Department for Communities and Local Government (DCLG) reports that as a result of these projects, an extra 2 million more people have visited the coast and spent an additional £171 million. This helped to start 485 new businesses and create 5,569 jobs. They state that these figures will almost triple once projects from the first 3 rounds of funding are complete.

Here at Jones Harris we have experience in the tourism sector spanning more than 40 years, so we’re delighted that additional financial support will be available. We provide cost-effective accountancy services and business advice to many of the county’s best known tourism businesses. We are also the only CAA-registered ATOL auditor in Lancashire.

Whether your business is a hotel, guest house, restaurant, caravan park, garden centre or tourist attraction we can help your tourism and leisure businesses to survive and thrive.

If you would like to have a no-obligation chat about how we could help your tourism business, and how you might be able to apply for this or any other type of funding, please get in touch.

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