A GBP 10 million fund is being launched by DONG Energy to help local community projects on the UK East Coast over the next 20 years. The East Coast Community Fund is being set up to ensure that local people benefit from the operation of two of the company's offshore wind farms, Race Bank and Hornsea Project One, which are both now under construction.
It will distribute around half a million pounds a year to help local initiatives for each of the next 20 years. The East Coast Community Fund will be managed and administered by an independent grant-making charity to be appointed shortly. One of their early tasks will be to launch a public consultation on how and where the funds can be distributed most effectively.