Under Project Ireland 2040, the Government has committed €1 billion to the Rural Regeneration and Development Fund over a 10 year period to support rural economic development and help build strong communities. The Fund has been allocated €315m over the period 2019 to 2022 and the various allocations over that period will be confirmed as part of the annual budgetary process. €52 million was allocated to the Fund for 2019.
Following the conclusion of the first call under the Fund in February 2019, a total of 84 successful projects had been announced, with funding of €86m provided from the Fund to support projects worth a total of €117m. Under the recently concluded second call, another 26 projects were allocated funding of €62 million from the Fund. These 26 projects will deliver total investment of €95 million. Table 1 sets out the list of projects and the amount of funding which were approved under both calls.
Significant progress is being made on the implementation of the successful projects. To date, €31.3 million has been drawn down from the Fund by 65 separate projects. I look forward to further progress in the implementation of projects over the coming weeks and months.
List of projects which were approved for RRDF Funding under the first and second calls.
List of projects