The Homes and Communities Agency, a United Kingdom government institution, made an investment in Cowes Harbor worth more than GBP3 million. The fund will be utilized to improve the area's infrastructure and make Cowes Harbour an internationally recognized sailing and yachting destination.
The UK government agency backed the Cowes Harbour Commission's plan to install a 400 meter stone breakwater along the coast, near the entrance to the main harbor. The breakwater will prevent strong winds and tidal pressures, providing protection to the hundreds of ships parked in the area.
The project is set to increase the economy of the area. Thousands of pounds are seen to flow towards the Cowes Harbour marina, said the Isle of Wight publication On the Wight.
The GPP3 million investment by the HCA increased the total fund of the project to GBP6 million. The remainder of the fund raised came from the Commission itself. The project will be initiated later this year.
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