Another new government initiative and cash source which could be helpful to Margate?
The Government wants to help coastal communities unleash their growth potential that can only be harnessed locally. The new Coastal Communities Fund underlines the commitment to supporting coastal places now and in the future so they can benefit from the growth in revenues produced by the Crown Estate as it further develops its coastal and offshore resources.
This prospectus gives details of the key design and delivery arrangements for the Fund and the timetable for its introduction. More detailed guidance on how to make a bid to the Fund will be issued by the Big Lottery 'Big Fund' shortly.
Working with the 'Big Fund' we want to see as many coastal communities as possible, large and small, drawing on the Fund to support imaginative and innovative projects that promote jobs and growth and help to build stronger and more diverse local economies. We also want to encourage quality bids from the many different types of organisation that support local economic development in coastal areas including charities, social enterprises, voluntary organisations, local businesses as well as local authorities and local enterprise partnerships.
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