£450K boost for fishing and tourism
Coastal communities in the South Hams are to get £450,347 to safeguard jobs in fishing and tourism.
The South Devon Fisheries Development Project was one of 20 successful projects nationwide to win funding from the Coastal Communities Fund it was announced today.
The project aims to support and promote the region's fishing and tourism industries through innovation and investment.
As a result of the win around 441 full time jobs could be saved, and up to 38 direct full time jobs and 52 part time jobs created.
The additional funds will also support 100 businesses to innovate, reduce costs, develop supply chain networks and secure future employment in the region's shellfish and tourism industries.
South Hams District Council worked in partnership with Devon Renaissance, South Devon Coastal Local Action Group, South Devon College, South West Food & Drink and seafood businesses in South Devon to apply for the scheme, now in its second year.
Councillor Carter, Executive Member for Planning, Employment and Community of
South Hams District Council, Ward Member for Hope Cove, Malborough and Salcombe said: "This is welcome news to our coastal communities and will deliver a major boost to the region's fishing and tourism industries.
"The project will retain and create jobs and apprenticeship schemes as well as supporting local businesses and innovators. These exciting plans will assist the region's economy for years to come."
The Coastal Community Fund is financed by the Government. Money is allocated to England, Wales, Scotland and Northern Ireland on the basis of revenue generated by the Crown Estate's marine assets and is administered and distributed in partnership with the Big Lottery Fund's 'BIG Fund'.