Dáil Éireann Debate, Monday - 11 September 2023
2103. Deputy Catherine Connolly asked the Minister for Rural and Community Development further to Parliamentary Question No. 100 of 13 June 2023, the status of the Building Acquisition Measure 2023; the details of the successful applications; and if she will make a statement on the matter. [39222/23]
View answerThe Building Acquisition Measure was launched under the 2022 Town and Village Renewal Scheme (TVRS) in recognition of the urgent need to transform and regenerate town centres.
On 27 March 2023 I announced a new fund for the 2023 Building Acquisition Measure which is again designed to tackle vacancy and dereliction in rural Ireland.
A total of 35 applications, valued at just over €8m were received from 22 Local Authorities. In June of this year I approved the first tranche of successful applications under this measure, 23 applications were approved for funding of €5.4m. On 27 July 2023 I approved the second tranche of successful applications, a further 11 applications were approved funding of €2.2m, bringing the total allocation of funding under the 2023 Building Acquisition Measure to €7.6m
Properties purchased under the Building Acquisition Measure must form the basis of an application under a future TVRS call or be developed for town regeneration purposes via the local authorities' own resources or another funding stream by the end of 2025.
Due to the commercially sensitive nature of the purchases, details of the approved applications will be released when the details of the sales have been concluded by local authorities.
