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Towns on the Isle of Wight on being urged to bid for a share of 24 million pounds in Government regeneration grants.
The Coastal Communities Fund is intended to boost jobs and prosperity in ailing resorts.
Successful charities, businesses, social enterprises and local organisations can expect to get a grant of between £50,000 and £2m pounds.
The Island's MP, Andrew Turner said, "There are real opportunities for the Island to benefit from this new fund. It is not just another pot of money for local authorities and public bodies. The Government wants charities, voluntary and community sector organisations, social enterprises and private sector companies to come up with imaginative ideas to create jobs and put in bids for this money.
"I hope a good number of strong and creative bids will be submitted from the Island so that we get a fair share of this money; I will be happy to give whatever assistance I can to those who wish to get involved. Mark Prisk MP, the Business Minister, visited the Island last month and also encouraged local businesses to take advantage of this new opportunity."
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