Coastal Communities funding is provided by the Crown Estates using income generated from the Wales’ coastal waters, and provides a fantastic opportunity to support renewable energy.
The recently launched fourth year of funding, delivered by the Big Lottery Fund, is gives an opportunity for businesses in coastal areas working in the energy and environment sectors. Businesses can access non-repayable grant funding of up to £300,000 to test new ideas or products, expand their services or improve their business model to promote job creation and economic growth.
Sian Callaghan, Chair of the Coastal Communities Fund Wales Committee said:
“The environment is a key asset for Wales and the Coastal Communities Fund aims to harness the opportunities it provides to residents and businesses. Renewable markets are rapidly growing and forming a greater part of our business eco-system. The Fund is seeking to support creative products, services and businesses in their supply chains which will help establish the Coastal areas of Wales as key economic catalysts.”
Speaking about the opportunity, David Clubb said:
“The marine renewable energy sector has the potential to provide valuable employment and revenue-generating opportunities for coastal communities the length and breadth of Wales.
“RenewableUK Cymru is delighted to promote this fund, which could make a real difference to people, businesses and communities on our coastline”.
Further information and application materials for Coastal Communities Fund are available on the website. If you would like to discuss your idea with one of the team please email or phone 0300 123 0735.