Minister Ring launches second call for proposals under €1 billion Rural Regeneration and Development Fund

Monday April 15th, 2019

Minister for Rural and Community Development, Michael Ring has launched the second call for proposals under the Government’s Rural Regeneration and Development Fund as part of Project Ireland 2040.ireland

The launch took place at the Bluestack Centre, Letterbarra, Drimarone, Co. Donegal where the Minister was hosting a ‘Rural Opportunity’ briefing for community and voluntary groups in the region.

Under Project Ireland 2040, the Rural Regeneration and Development Fund, administered by the Department of Rural and Community Development, will provide €1 billion in investment over 10 years to support the renewal of small towns, villages and outlying rural areas. Initial funding of €315 million is being allocated on a phased basis over the period 2019 to 2022. Under the first call, €86 million in funding for projects throughout the country was announced.

Announcing the opening of the second call for the Fund, Minister Ring said:

“I am delighted to announce the second call for proposals under the Rural Regeneration and Development Fund today at this ‘Rural Opportunity’ event in Donegal. The Fund is an important part of the Government’s Project Ireland 2040 initiative and will help to stimulate renewal and continued development economically and socially in rural areas across Ireland.

“The Fund will support significant and strategic investment in capital projects which will strengthen rural economies and communities across this country. Promoting collaboration at a local level, the Fund will continue to transform local communities, building their resilience and contribute to the objectives of Project Ireland 2040.”

This second call for proposals will focus on Category 1 capital regeneration projects which are ready to commence. Through a competitive process the Fund will support collaborative projects in rural settlements of less than 10,000, with funding available of at least €500,000.

The types of initiatives which the Fund will support in the second call include:

  • Measures to address infrastructural deficiencies that are instrumental to and part of town and village regeneration
  • Measures to address building vacancy in order to encourage town centre regeneration, including building refurbishment, redevelopment and/or demolition
  • Improving public amenity and public realm in towns and villages and the development of recreational facilities
  • Projects which deliver on multiple objectives, for example, delivering a town centre regeneration project which also contributes to economic, tourism, community or cultural development
  • Projects which take an integrated approach to developing employment opportunities within a town or its environs
  • Projects that support job creation, entrepreneurship and innovation
  • Development or expansion of tourism initiatives which generate new areas of economic activity and attract increased visitor numbers to rural areas.

Key policy priorities for this call include building the resilience of communities to face- the challenges posed by ‘Brexit’ outcomes and assisting in the transition to a competitive, low carbon, climate-resilient and environmentally sustainable economy.

Leave a Reply