Published 14th November 2017
The Government has announced that communities near sites approved for the safe and clean extraction of shale gas will benefit from a share of the proceeds through a new ‘Shale Wealth Fund’. It says local communities across the country will choose how they spend up to £1 billion of additional funding on local projects.
Those living in the North and the Midlands, where there are significant shale gas reserves, are set to benefit first.
The fund, which will provide up to £10 million for each local community, will empower local decision making.
Communities will be able to decide how to spend the money locally, but projects could include:
· new play parks, community sports facilities and libraries
· improvements to transport links
· restoration of local heritage sites