Dáil Éireann Debate, Tuesday - 17 October 2023
650. Deputy Niamh Smyth asked the Minister for Rural and Community Development if projects in Cavan are to benefit from the Building Acquisition Measure 2023 and if so, to provide details of the project and amount to be received. [45060/23]
View answerThe Town and Village Renewal Scheme (TVRS) was introduced in 2016 and is one of a number of measures designed to rejuvenate rural towns and villages throughout Ireland. Under the 2022 scheme, I introduced the Building Acquisition Measure (BAM) in recognition of the urgent need to transform and regenerate town centres.
The purpose of this measure was to support local authorities to immediately acquire derelict or vacant buildings, with the intention of using these projects for town regeneration purposes in line with the aims of TVRS. Funding was again made available under this Measure in 2023.
Cavan County Council was approved funding under this measure to purchase two buildings in county Cavan. The funding draw down documentation for one of these building is currently with the Department for assessment in advance of issuing payment, and my Department is currently in consultation with the local authority regarding the funding draw down documentation for the other.
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, and assessment of the payment draw down is completed by my Department.
