A new grant funding opportunity dedicated to supporting sustainable transport projects on the Island has been announced by Visit Isle of Wight and the Isle of Wight Council.
Whitbread, which owns Premier Inn, has confirmed it will be investing £10 million into building the new hotel in Sandown and announced the start of construction.
Pro-link campaigners say they have exhausted all other options of funding the viability study to build a fixed link tunnel to the mainland. They're now asking members of the public to contribute to a £130,000 fundraising appeal.
The number of visitors staying five nights or more rose by 19% on the previous year is just one of the several stats released this week by Tourism South East.
If plans to turn Guildhall into a 21st century tourism hub are well received by the Isle of Wight council, the historical building could be opened once again.
Premier Inn say they're hopeful they'll be able to bring investment, jobs and a series of wider benefits to the area if they gain planning permission for new hotel in Lake.