The cash injection – which will help fund the construction of the project in Morecambe – was secured after Lancaster City Council was chosen as a recipient of the largest investment possible under the fund.
A total of 111 areas have been awarded funding from the fund, providing investment in communities in a bid to create new jobs, drive economic growth and spread opportunity more equally.
The funding allows the project to move into its next phase and begin the process of finalising the remaining £50m needed from private and philanthropic sources identified as part of the bidding process.
