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New £3M investment fund for boat-based tourism in Scotland

Wed 4 Aug 21

Crown Estate Scotland has launched a special fund to help promote the sustainable development of Scotland’s marine tourism sector.

The £3m challenge investment fund will also help aid the green economic recovery for coastal communities who rely heavily on boat-based tourism, by helping them to expand their ability to support the growth of marine tourism in their area, such as new shore-based and harbour facilities.

It is the first of three challenge investment funds set to be launched by Crown Estate Scotland, with schemes for local partnerships and innovation with natural resources to follow. Together the funds will total approximately £9m, and will take the form of direct commercial investments by Crown Estate Scotland.

Applications are encouraged from those who can demonstrate an ability to make a positive impact on boat-based tourism and have a strong track record of partnership working. The potential investments will range from £350,000 to £750,000 for projects that align with wider regional development priorities.

The full criteria and background information of the fund can be found here. The process has also been designed to align with the Scottish marine tourism strategy Giant Strides. The criteria reflects feedback received from a consultation which was previously carried out by Crown Estate Scotland.

All enquiries to the fund should be submitted to [email protected].

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