A disused dock in Hull is to be transformed into a technology hub at a cost of £300,000.
With the aim of giving the local economy ‘a significant boost’, The Coastal Communities Fund has allocated the money for the project and recently welcomed chief secretary to the Treasury Danny Alexander to the regeneration scheme.
The fund has already provided backing for more than 100 projects in its first two years, delivering over 4000 jobs and more than 1000 apprenticeships.
“The Coastal Communities Fund allows us to help communities across the UK to rebuild and regenerate their local economy, with projects this year supporting nearly 4000 jobs and 1000 training places,” said Alexander.
“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.
“Additionally, we have invested £5 million from the fund’s reserve into the government’s programme for flood recovery.
“The Coastal Communities Fund is supporting some of the most fragile communities. It is a great way to make sure that people living around our coastline can share in the benefits of the increased returns for the Crown Estate’s marine activities.“
Communities Secretary Eric Pickles added: “We want to help our seaside towns affected by the recent flooding get back on their feet as soon as possible.
“Nearly three-quarters of these regeneration projects funded today are in flood affected areas and our support will help these communities show they are ‘back in business’.
“The next round of the Coastal Communities Fund is now open and we will be prioritising bids on coastal flood protection and repair. This government is committed to supporting the regeneration of our seaside towns and part of that is taking decisive action to help communities and businesses affected by the floods.