Accessability Links
Cookies on our website
By continuing to use this website we will assume you are happy to receive cookies as outlined in our cookie policy
Accept Policy

Coastal Communities Fund to support creation of over 4,000 jobs

7 Mar 14  | Recruitment News
  More than 4,000 jobs and 1,000 apprenticeships will be created thanks to a new round of the government's Coastal Communities Fund (CCF)

According to freshbusinessthinking.com, over 50 projects in coastal towns across the UK will share the £27 million fund in a bid to stimulate employment and boost skills in those areas.

Many of the neighbourhoods which will receive financial support have been affected by the recent floods, so their communities and businesses can be restored to normal after the damaging weather.

The CCF was created back in 2012 and so far it has created 6,500 jobs and over 2,000 apprenticeships and training schemes.

Chief secretary of the treasury Danny Alexander says the fund will help villages and coastal towns rebuild regenerate their local economies.

"This is even more important given the extreme weather and I'm very pleased we're giving £17 million of the fund to projects in areas hit by floods," he explains, reports sky.com. "Additionally, we have invested £5 million from the fund's reserve into the government's programme for flood recovery."

Mr Alexander visited one of the projects that will receive financial support in Hull - his hometown. The project involves turning a disused dock into a technology hub to boost the local economy; 300,000 will be donated to the scheme to make it happen.

Add new comment
 

Registered office: King's Mill Lane, Redhill, Surrey RH1 5NB. Registered in England No. 1654251.