Dáil Éireann Debate, Tuesday - 7 November 2023
1453. Deputy Brendan Griffin asked the Minister for Rural and Community Development when the building acquisition measure of the town and village renewal scheme will be announced (details supplied); and if she will make a statement on the matter. [47693/23]
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.
Kerry County Council was approved funding under this measure to purchase buildings in Co Kerry. My Department is currently in consultation with Kerry County Council regarding submission of the relevant funding draw down documentation.
Due to the commercially sensitive nature of property purchases under BAM, details of the approved applications will be released only when the details of the sales have been concluded by local authorities and assessment of the payment draw down is completed by my Department.
