The total gross allocation provided to my Department in 2022 is €378.5 million. This total allocation is split across three programme areas, with €202.3 million allocated to the Rural Development, Regional Affairs and the Islands programme area. The full year cost of increasing funding for this programme area by 5%, 10% and 20% is outlined in the below table.
Funding for this programme area in 2022 is more than double the €93.4 million in funding which was available in 2018. This demonstrates the Government's commitment to this policy area, with schemes such as Town and Village Renewal, the Rural Regeneration and Development Fund and the Local Improvement Scheme all benefiting from these funding increases and supporting rural development throughout the country.
€, m
|
Total allocation
|
Cost of increase
|
2022 Estimate
|
202.255
|
n/a
|
5% Increase
|
212.368
|
10.113
|
10% Increase
|
222.481
|
20.226
|
20% Increase
|
242.706
|
40.451
|