Having liaised with Deputy Tony McLoughlin TD and Minister Michael Ring, I am delighted with the announcement that €131,250 towards the redevelopment of one of Enniscrone’s most iconic buildings, the Cliff Bath House, and the Pier Road. I would like to thank the voluntary community groups and people of Enniscrone who have worked on putting together the application for this project, along with Sligo County Council, Deputy McLoughlin and Minister Ring for putting forward this project for funding. It will be most welcome in West Sligo.
66 projects which will be allocated funding of€62 million under the €1 billion Rural Regeneration and Development Fund, a key component of Project Ireland 2040.
The announcement, follows on from the first announcement in Sligo last year, meaning that to date, 84 projects have been allocated a total of €86 million funding for rural regeneration and development. This will be leveraged with a further €31 million in matched funding being provided by state-funded bodies. This represents a total investment of €117 million in projects, which will deliver for rural communities across the country.
The Rural Regeneration and Development Fund aims to revitalise rural Ireland by supporting self-sustaining projects in towns and villages with a population of less than 10,000.
This Fund is a clear demonstration of Project Ireland 2040 in action and is further evidence of this Government’s commitment to rural communities. These investments will have a transformative effect on many rural towns, villages and outlying areas.
These projects are ambitious and strategic in nature. The funding will transform communities by delivering projects in sectors such as tourism, agri-food and recreation.
This funding will support job creation and encourage entrepreneurship. It also promotes balanced regional development and ensures that opportunity is shared across the whole country. Through the Project Ireland 2040 Funds and Regional Enterprise Plans we now have a range of sustainable supports available that can deliver for all citizens.
The Rural Fund encourages joined-up thinking involving collaboration between Government Departments, Local Authorities, public bodies, and rural stakeholders. The projects announced today will bring about real and tangible benefits for rural communities and the regions.
The Fund will provide investment to support suitable projects in towns and villages with a population of less than 10,000, and outlying areas which will deliver on the aims of Project Ireland 2040 and achieve sustainable economic and social development in these areas. The Fund is intended to deliver on one of the strategic outcomes of Project Ireland 2040 – strengthened rural economies and communities.
The budget for RRDF committed to by Government is €315 million from 2019-2022 with €55 million in 2019.
The first call for applications under the Fund opened on 4th July 2018, with a closing date of 27th September 2018. Applications were invited under two categories, Category 1 and Category 2. Category 1 applications for the Fund were those which presented as shovel-ready or initial stages of projects which should be commenced in 2019. The minimum funding for Category 1 projects is €500,000. There was no upper limit for funding.
Category 2 applications relate to projects which need funding for further development before being ‘ready to go’ but possessed clear potential and quantifiable objectives, which would enable them to be potentially submitted as Category 1 proposals in subsequent funding calls.
A total of 280 applications to the Fund were submitted under the first call – 126 Category 1 applications were submitted along with 154 Category 2 applications.