Part of Oral Answers to Questions — Communities and Local Government – in the House of Commons at 12:00 am on 6th June 2016.
Returning briefly to the coastal communities fund, I should point out that it has been highly successful and has helped to generate a tremendous return. For every £1 invested by the fund we get about £8 back. We regard that as highly successful, which is why we have extended the fund over another period of four years, with a budget of £90 million. In England, bidding for round four is now open. I believe the coastal communities fund would do very well for the coastal communities of our country, whether or not we are in the European Union.