I recently announced a total allocation of €440,000 in Dormant Accounts Funding for the five new RAPID Towns under the RAPID Addtionality Measure. These are: Ballina, Co. Mayo, Dungarvan, Co. Waterford, Enniscorthy, Co. Wexford, Mullingar, Co. Westmeath and Rathkeale, Co. Limerick. The allocation amounts to €88,000 for each of the five towns.
RAPID (Revitalising Areas by Planning Investment and Development) is a focused initiative designed to prioritise and target Government expenditure on the most concentrated centres of disadvantage in the country. Pobal, who advertise, appraise and recommend beneficiaries under the Dormant Accounts Measures has recently made contact with the RAPID Area Implementation Teams to request an up-to-date priority list of projects for this funding, based on the list of projects previously recommended for approval. This funding measure closed for applications some time ago and new applications for funding are not being sought at this time.