A total of €2.3 billion in national exchequer funding will be made available for the 2023-2027 CAP Strategic Plan. When combined with Ireland’s €1.56 billion in Pillar II funding arising from last year’s agreement on the EU budget, this will bring the allocation for Rural Development measures to a total of €3.86 billion over the five year period.
In addition, residual spending of approximately €350m will occur under the existing Rural Development Programme in the period 2023-2025 including LEADER. The exact amount will depend on the expenditure of schemes in 2021 and 2022. The breakdown between national and the co-funded element will depend on the residual spending profiles as there are different EU funding rates including the European Recovery Instrument Funding is at 100% and will only become clearer as the programme progresses.