Dáil Éireann Debate, Wednesday - 24 October 2018
326. Deputy Éamon Ó Cuív asked the Minister for Housing, Planning and Local Government when decisions will be made under the Project Ireland 2040 Urban Regeneration and Development Fund 2018; if all suitable projects will be funded under this scheme; and if he will make a statement on the matter. [44153/18]
View answerThe Urban Regeneration and Development Fund (URDF) was launched as part of Project Ireland 2040, to support the compact growth and sustainable development of Ireland’s five cities, regional drivers and other large urban centres. The URDF is designed to leverage a greater proportion of residential and commercial development, supported by infrastructure, services and amenities, within the existing built-up areas of our larger urban settlements.
I initiated the call for proposals under the Fund in July 2018 and the deadline for submission of applications was 28 September.
My Department, through a dedicated Project Advisory Board (PAB), is now engaging in the assessment of submitted applications and at this point, the work of the Board is expected to take until late November, after which an initial tranche of successful applications will be announced, with further announcements thereafter until the end of the year.
As the assessment process of the PAB is ongoing, it would be inappropriate to comment further on the likely scale of approvals at this time.
