Jan 27, 2009
Homebuyers and homeowners in seaside towns across the country are set to benefit significantly from the Government backed ‘Sea Change’ initiative, reports Email4property.co.uk, the largest online network of estate agents.
The scheme led by CABE (the Commission for Architecture and the Built
Environment) will allocate Â£45 million over three years to local authorities in coastal towns across the country. The funding aims to regenerate seafront resorts through a range of cultural, heritage and public space projects, with the aim of boosting local tourism and contributing to wider economic development.
So far the scheme has seen invested Â£3 million in the regeneration of seafronts at two of Sussex’s most historic coastal towns. Hastings and Bexhill-on-Sea have both received significant funding for development of public areas, which is expected to provide a major boost to local economies, as well as enhancing the towns tourism and culture.
Steven Lees, Head of Marketing for Email4property.co.uk, comments: “As well as working to attract a new wave of tourists, the goal of Sea Change is to offer a catalyst to kick-start wider regeneration programmes in towns such as Hastings and Bexhill. While improving the quality of life for the town’s existing population, the scheme is also set to attract new residents to the area. This will ensure a new supply of quality homes, while helping to support house price growth
in years to come.”