€100M Allocation for Urban RegenerationPosted November 29th, 2018
On Monday the Taoiseach and I announced that 88 projects are to be allocated a total of €100 million under the Urban Regeneration and Development Fund (URDF), launched in July this year as part of Project Ireland 2040.
As a key part of Project Ireland 2040 – the Government’s National Planning Framework and National Development Plan – the fund will help to rejuvenate significant but underused areas in Ireland’s five cities and other large towns.
It’s one of four funds set up under the National Development Plan 2018-2027, and is being implemented by the Department of Housing, Planning and Local Government. A total of €2 billion has been allocated to the URDF up to 2027, with €550 million available for between now and 2022.
I am hugely impressed by the enthusiasm and creativity demonstrated by all those involved throughout this process and am delighted to allocate €100 million in funding for 2019 to some very worthwhile projects.
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To watch a short video about the fund, go here.