Tuesday, 27 February 2018

Questions (202)

Dara Calleary


202. Deputy Dara Calleary asked the Minister for Public Expenditure and Reform the competitive criteria that will be used for the allocation of funds through the urban regeneration and development fund, rural development fund, climate action fund and disruptive technologies fund; and if he will make a statement on the matter. [9265/18]

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Written answers (Question to Public)

The competitive criteria for the four funds initiated in the NDP will be prepared in the coming weeks by the responsible Departments, in consultation with my Department. As the funds are geared towards different sectors and purposes, the same set of detailed criteria will not apply to all funds.  However, there are a number of existing models, such as the Local Infrastructure Housing Activation Fund (LIHAF) operated by the Department of Housing Planning and Local Government, that will be considered when deciding on how the new funds should operate. 

Each fund will seek to leverage additional private investment, drawing on current and previous national experience and international good practice, and will also seek to encourage collaborative proposals from a range of different stakeholders.  

The overriding objective of the funds is to target the delivery of some of the most important objectives and priorities detailed in the NPF, and the criteria to be used for each fund will be informed by this objective.