As part of Project Ireland 2040, the Government has announced that it is setting up four new funds to deliver better cities, better rural towns and communities, fund new technology and look at how we can combat climate change and effectively respond to the huge challenge it poses.
Some €4 billion will be made available to cities and towns across Ireland through the Project Ireland 2040 funds to achieve this.
The breakdown is: €2bn for urban regeneration, €1bn for the Rural Development Fund, €500m climate action fund and €500m disruptive technologies fund
Fine Gael TD, Deputy Tony McLoughlin said that: “this funding is great news for all the urban centres in the Sligo – Leitrim Constituency.
Specifically, the €2 billion ‘Urban Regeneration and Development Fund’ will encourage greater stakeholder contributions than we’ve had in the past.
“This is part of a longer term plan which delivers the resources to make our new planning framework come alive. Our hope is that this new funding model will move beyond politics and hopefully see more community driven initiatives.
“This fund will act as a driver of development in our region and it is essential now that Sligo and Leitrim County Councils and our community groups apply for all the funding available to them.
“The Fund will encourage collaborative approaches between Departments, agencies, Local Authorities and other public bodies, and the private sector, where appropriate, to pool their assets and work with communities to transform our rural towns and villages and their outlying areas.
“Previously we’ve allocated to Government Departments and to Local Authorities on the basis of what they got in the past – that needs to change going forward concluded McLoughlin