The current value of the Axes 3 and 4 elements of the Rural Development Programme 2007-2013 is €370 million. In addition, €5 million has been provided for an Axis 1 Agri-food measure. Up to a maximum of 20% of the total expenditure can be used to defray administration expenses leaving a minimum of 80% of the funding available for projects and animation expenses. To date, €205.7 million has been spent on projects, €12 million on animation expenses and €55.2 million on administration giving a total of €273 million.
The overall spend to date in 2014 is €29.1 million and I expect this to increase steadily over the coming months.