The Urban Regeneration and Development Fund (URDF) is the largest of four funds established under the National Development Plan 2018-2027 and has an allocation of €2 billion to 2027, primarily to support the NPF’s growth enablers for the five cities and other large urban centres. The €150m URDF funding provision announced for 2021 will support continuing progress on the first tranche of 87 URDF supported projects approved under Call 1 as well as supporting the advancement of a further tranche of projects under Call 2 of the programme.
Call 2 for proposals under the Urban Regeneration and Development Fund was launched earlier this year. Seventy-six proposals were received, with every local authority submitting at least one application for URDF support. Because of the nature of the URDF programme the proposals are very complex, and each will require detailed assessment.
The assessment process is presently under way. It is intended that a new tranche of approved proposals, which will augment the existing pipeline of projects from Call 1 and contribute to the achievement of Programme for Government commitments and the objectives of the National Planning Framework and Project Ireland 2040, will be announced before the end of the year.