District Council welcomes cash boost for Coastal Towns
September 6, 2019
East Lindsey District Council has welcomed news that Skegness and Mablethorpe could be in line for multi-million pound cash boosts as part of the Government's Towns Fund.
The £3.6 billion Towns Fund aims to support places with proud industrial and economic heritage that have not always benefited from economic growth in the same way as more prosperous areas and both resorts have been identified to benefit through the scheme.
The District Council will now work with the Ministry of Housing, Communities & Local Government to identify how the money can be invested to boost the regeneration and growth of both towns.
Councillor Craig Leyland, Leader of East Lindsey District Council, said: "I'm delighted to see Government announce this substantial amount of funding for our District. The Government's announcement indicates that we could receive up to £25m for each town and this level investment will allow us to explore some exciting projects; providing a real long term boost to the economy of the area and hopefully helping us to address the seasonal nature of both towns."
Portfolio Holder for Coastal Economy, Councillor Steve Kirk, said: "The announcement of this funding is fantastic. We already have some fantastic projects underway in Skegness as identified in our Foreshore Masterplan and hopefully this funding means we'll be able to deliver on even more of these. Earlier in the year we also submitted a bid for Mablethorpe as part the Future High Streets fund which identified a number of important interventions and improvements we could make in the town, and these are something we'll definitely be looking at supporting with this new funding."
Councillor Colin Davie, Executive Member for Economy and Place at Lincolnshire County Council at Greater Lincolnshire LEP board member, said: "As the lead authority of the Coastal Communities Alliance, we've been pushing the Government to invest in our seaside towns, and I'm delighted that Skegness and Mablethorpe are in line to benefit from this new funding. Our coastal areas have enormous potential, and we're determined to help them prosper, creating new jobs and boosting the local economy. This is an important step towards making that happen."