To commemorate the event, the new coast road was named George Elmy Lifeboat Way.
Seaham has fine beaches and transport links to the eastern coast.
In 2006, a survey conducted by Halifax revealed that Seaham is the top property price increase hotspot in England and Wales as average prices rose by 172% since 2003.
The average price of £117,266 is still, however, well below the national average.
According to Tom Mc Nee's 1992 portrait of the town The Changing Face of Seaham: 1928–1992, St.
As early as 1823, the third Marquess had approached the architect John Dobson with a view to his drawing up plans for a town to be built around the harbour.
From 2001 most of the Durham coastline was designated as a "heritage coast" and Seaham beach was entirely restored.
In 2002 the Turning the Tide project won, jointly with the Eden Project, the prize for Outstanding Achievement in Regeneration in the annual Royal Institution of Chartered Surveyors awards. In homage to the town's link to Lord Byron, the new multimillion-pound shopping complex, which now includes an Asda supermarket as well as Argos and Wilko stores, is named Byron Place.
In 1928, production started at the last town colliery to be opened, Vane Tempest.
By 1992, however, all three pits (Dawdon Colliery, Vane Tempest Colliery and Seaham Colliery – known locally as "the Knack") had closed, a process accelerated by the British miners' strike and cheap coal imports from Eastern Europe.