Businesses in Lincolnshire will be able to bid for a share of £9.3 million to help community and environmental projects along the east coast.
Launched by Dong Energy, the East Coast Community Fund will be made available to coastal areas in Yorkshire, Lincolnshire and North Norfolk.
Applications for grants of between £1,000 and £50,000 from the main fund are now welcome from community groups, charities and other eligible organisations with projects located in the funding area.
The East Coast Community Fund is part of the community engagement programme for Dong Energy’s Hornsea Project One and Race Bank offshore wind farms.
For the next 20 years, approximately £390,000 a year will be available from the main fund to support a wide range of community and environmental projects.
An additional £75,000 per year will be ring-fenced for a skills fund, designed to support a range of educational and training initiatives focused on Science, Technology, Engineering and Maths (STEM).
The fund will be managed for Dong Energy by the national grant-making charity GrantScape.
Details of how the skills fund is to be managed will be announced over the next few months.
Brent Cheshire, Dong Energy’s UK Country Chairman, said: “We are proud of our place in this part of the country and we recently announced plans for a multi-million pound investment in Grimsby to create the UK’s largest offshore wind operations and maintenance hub. This fund is another way we can make a difference locally.”