The Urban Regeneration and Development Fund (URDF) is a flagship element of Project Ireland 2040. The URDF was established to support more compact and sustainable development, through the regeneration and rejuvenation of Ireland’s five cities and other large towns, in line with the objectives of the National Planning Framework and NDP. This is to enable a greater proportion of residential and mixed-use development to be delivered within the existing built-up footprints of our cities and towns and to ensure that more parts of our urban areas can become attractive and vibrant places in which people choose to live and work, as well as to invest and to visit.
Through the Fund, successful applicants are being offered targeted integrated support for applicant-led projects that will contribute to the regeneration and rejuvenation of our cities and towns.
In keeping with the aims of the National Planning Framework and Project Ireland 2040, the URDF demonstrates a new and more tailored approach to the provision of Government support. Over its planned duration up to 2027, URDF support will be targeted in an integrated, dynamic and responsive way to support the regeneration and rejuvenation of our towns and cities.
Already, the URDF is providing assistance for major projects that will contribute to the regeneration and rejuvenation of Ireland’s five cities and other large towns, in line with the objectives of the National Planning Framework and National Development Plan.
On 26 November 2018, URDF support was announced for a total of 88 projects throughout the country, one of which was later withdrawn by the applicant. In mid-2019 approval in principle and provisional funding allocations issued in respect of those 87 projects. This significant pipeline of projects is set to have a transformational impact in urban areas across the country. Through the URDF, successful applicants are receiving targeted integrated support for innovative holistic solutions to the issues that have hindered the regeneration and rejuvenation of our large towns and cities.
The programme has been very well received and supported, and while responsibility for the advancement of proposals is, in the first instance, a matter for the relevant local authority my Department is working closely with applicants to advance these projects as quickly as possible.
As the announcement of successful projects under Call 1 of the URDF was made in late 2018 there was no expenditure on the URDF supported capital programme in that year. The table below details the payments made to each local authority in respect of their projects in 2019 and 2020.