Oh, Oh, Oh,...I know a low buck project.
This one's been on my boat for five season's now, and works great.
When my boat was new, I didn't want to drill holes in it for those soft plastic winch handle holders that you see on so many boats. Those things seem to get dirty and stay that way.
I use about 2" diameter PVC pipe and cut it to about a 12 or 14 inch length. I attach them to my stern rails, (near my winches). I just use a 1/4 inch drill bit to put a couple holes in them and use nylon cord to tie them in place. They look better than you might think. Acetone works as a solvent to remove the lettering that's stamped on the pipe.
I have one by each of the genoa winches on my Catalina 309, plus 2 more attached to the dodger frame for the winches on the cabin top.
After five Michigan seasons they're still clean looking and haven't yellowed.