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Rural Regeneration and Development Fund - First Projects Announced

Published: 23rd November 2018

An Taoiseach, Leo Varadkar TD and the Minister for Rural and Community Development, Michael Ring TD have today (Friday) announced the first successful applicants under the Government’s €1 billion Rural Regeneration and Development Fund.

The fund aims to breathe new life into Ireland’s smaller towns and villages.

At a special event in Sligo the Taoiseach, Minister Ring and Minister of State, Sean Canney TD outlined the scale and ambition of the fund. In total some €1 billion in funding will be allocated over the next 10 years for rural communities with a population of fewer than 10,000, as part of the Project Ireland 2040 plan to redevelop Ireland.

The Rural Regeneration and Development Fund aims to rejuvenate smaller towns, villages and rural areas, generate job opportunities in rural areas, and help communities to improve their quality of life. More than 290 projects applied for this first stage, with the focus in this round on heritage and tourism, infrastructural improvement, economic development, and rural regeneration.

Some of the successful projects announced at today’s event include:

  • Conversion of prominent heritage building in Kinsale, Co Cork into a local public library
  • A new National Centre of Excellence for Surfing in Strandhill, Co Sligo
  • Converting the Valentia Island Trans-Atlantic Cable Station in Co Kerry into a museum and business innovation hub
  • Restoration of the 800 metre Borris Railway viaduct in Co Carlow – linking the town to local walkways
  • Restoration of Swan Park in Buncrana, Donegal following its devastation by flooding last year.

Today’s announcement focuses on 18 projects to be supported in 2019, totalling €24.4 million. €55 million in total has been allocated to the Fund for 2019 and further announcements of projects to be funded in 2019 will follow shortly. 

Over 290 applications for funding were received from a wide variety of state funded bodies in 2019. Over the next four years, €315 million will be invested in rural communities through the Fund.

An Taoiseach, Leo Varadkar TD said: “In May, I was joined by Ministerial colleagues to launch four game-changing funds under Project Ireland 2040, with a total investment of €4 billion. Together these funds represent a new and innovative approach to investment and capital spending in Ireland.

These Funds are competitive and open to a wide variety of partners, so if you have an idea to improve your area, develop new technologies, encourage climate action, you have the opportunity to make a real difference.

“The €1 billion Rural Fund will enable towns, villages and outlying rural areas to grow sustainably. It’s all about making Rural Ireland a more attractive place to stay, move into or run a business. Today, as we announce the first round of funding under the Rural Fund, I am struck by the dynamism of the ideas that were submitted. Projects involving heritage, regeneration and the public realm, greenways, telecommunications, tourism, environment, enterprise, and public transport. Some, however, stood out from the pack and they are the ones being awarded today. They are projects that have significant potential to improve rural Ireland and to do so quickly; these projects will hit the ground running and I look forward to seeing the results.”

Commenting on today’s funding allocation, the Minister for Rural and Community Development, Michael Ring TD, said: “The Rural Regeneration and Development Fund will provide the impetus for the transformation of hundreds of rural towns and villages over the next ten years. By 2040, our population will have increased by 1 million. Half of that population growth will take place in rural Ireland. Rural Ireland is integral to the future development of our country and this Fund will facilitate rural growth and prosperity and will strengthen rural communities.

“I am delighted that my Department has received 290 submissions from across the country. The funding support announced today for different types of projects will be transformative for the communities concerned.

“I am looking forward to seeing the difference this funding will make on the ground throughout rural Ireland. I believe that this Fund will continue to achieve even more for rural renewal over its lifetime through a pipeline of ambitious projects. Today’s announcement is just the start and I will make further announcements of successful projects early in 2019.”

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