Further £500,000 injection for V&A through Coastal Communities Fund

The latest tranche of funding through the scheme will see almost £10 million awarded across Scotland.

A spokesman for the Treasury described how the alloted funding will be spent in Dundee after it emerged last week that construction costs for the V&A had risen from £49 million to just over £80 million.

“The grant will contribute to the delivery of the Victoria and Albert Museum of Design Dundee, which will be an iconic cornerstone in Dundee’s waterfront regeneration, creating both direct and indirect jobs”, the spokesman said.

A total of 27 projects north of the border will share £9.58 million from the £116.6 million Coastal Communities Fund, Chief Secretary to the Treasury Danny Alexander announced.

Mr Alexander said the grants would help ensure some of the UK’s “most remote and fragile communities” share in the benefits of the economic recovery.

The funding is part of the third round of grants to be made by the initiative, which has already paid out £7.6 million to projects in Scotland.

Mr Alexander said: “I created the Coastal Communities Fund because, as someone who grew up on a small island, I know how much difference targeted investment can make to people’s lives. It’s already supported scores of coastal communities throughout Scotland.