HM Treasury

Newsroom & speeches

123/12

13 December 2012

Communities across Scotland receive boost from coastal fund

The first nineteen Scottish projects to get a share of a multi-million pound fund to regenerate coastal communities have been announced by the Chief Secretary to the Treasury, Rt Hon Danny Alexander today.

Charities, small businesses and apprentice schemes from around Scotland will receive grants between £50,000 and £375,000 from the Coastal Communities Fund. The UK-wide scheme was announced last year to support the economic development of coastal areas across the country. Projects in Scotland bid for a share of a pot worth nearly £4 million this year.

The Chief Secretary will also confirm that a further £4 million will be available to Scottish projects when applications for the next round of funding reopen in the New Year.

Visiting a winning project, the Marine Biological Station on the Isle of Cumbrae, the Chief Secretary said:

“From Skye to Cumbrae, communities across Scotland are going to benefit from this £4 million investment. Growing up on Colonsay, I know both the opportunities and the challenges coastal communities face.

“This funding can make a real difference to the winning areas and help them become more economically sustainable. The fund received a large number of applicants and will continue every year so that we can help more innovative projects in Scotland, and across the UK.”

Succesful bids from this round were:

From the Highland and Islands

From the rest of Scotland

Notes for editors

1. 19 projects were selected on the basis that they would promote sustainable economic growth and jobs in their communities, and offer training or innovative business opportunities for the local area.

2. Money is allocated to England, Wales, Scotland and Northern Ireland and is equal to 50 per cent of the revenues generated by the Crown Estate's marine assets in that area. It is distributed in partnership with the Big Lottery Fund's 'BIG Fund' and the relevant Devolved Administration.  Based on the Crown Estate's Marine revenues in 2010/11 (£47.4million) the overall fund was worth £23.7million in 2012. Funds can be used to support both capital and revenue projects and communities are encouraged to match funds with other pots of money.

Back to top

Share

Facebook LinkedIn Twitter Digg RSS Stumbleupon Delicious Reddit Google Plus Share

Press notices

Subscribe

To receive the latest HM Treasury news find out more about our  

Contact us

Media enquiries should be addressed to the Treasury Press Office on 020 7270 5238.

Non-media enquiries should be made to the Treasury Correspondence Unit on 020 7270 5000 or by email.