Dáil Éireann Debate, Tuesday - 16 April 2019
552. Deputy Jonathan O'Brien asked the Minister for Housing, Planning and Local Government the projects and initiatives that will be affected in 2019 from the €13 million adjustment in the 2019 Vote of his Department as a result of the further Revised Estimates. [17212/19]
View answerThe National Development Plan established four new funds, with a combined allocation of €4 billion to 2027. The Urban Regeneration and Development Fund (URDF) launched last year has an overall provision of €2 billion to 2027. €58 million is available in 2019 to provide initial support to the 88 projects announced last November on foot of the first call for proposals. €550 million is included in the NDP to provide further support for these and other similar projects up to 2022.
The advancement of these projects through their various stages of development is, in the first instance, a matter for the applicant concerned.
Since last November’s announcement, my Department has engaged with a large number of the successful applicants to further clarify the details of their proposals, the proposed composition and progression of projects, and to establish the level of related URDF funding demands expected to arise for 2019 and beyond. This engagement revealed that the level of drawdown of URDF funding this year will be less than originally anticipated.
This being the case, it is expected that the adjusted 2019 URDF provision of €58 million will be sufficient to meet any funding requirements for this year, and so I am confident that none of the projects will be adversely affected by the €13 million adjustment.
