Wednesday, 18 December 2019

Ceisteanna (432)

Martin Heydon

Ceist:

432. Deputy Martin Heydon asked the Minister for Rural and Community Development the annual profile of expenditure of the rural regeneration fund; and if he will make a statement on the matter. [53732/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Rural)

Under Project Ireland 2040, the Government has committed €1 billion to the Rural Regeneration and Development Fund over a 10 year period to support rural economic development and help build strong communities.  

The Fund has been allocated €315m over the period 2019 to 2022 and the various allocations over that period will be confirmed as part of the annual budgetary process. €52 million was allocated to the Fund for 2019.

Following the conclusion of the first call under the Fund in February 2019, a total of 84 successful projects had been announced, with funding of €86m provided from the Fund to support projects worth a total of €117m.  Under the recently concluded second call, another 26 projects were allocated funding of €62 million from the Fund.  These 26 projects will deliver total investment of €95 million.

Many of the projects supported to date are large scale and strategic in nature and will be delivered on a multi-annual basis.  Notwithstanding this, significant progress is being made on the implementation of the successful projects. To date, €31.3 million has been drawn down from the Fund by 65 separate projects. 

Last week I announced the second call for Category 2 applications to the Fund.  Applications can be submitted up to 12pm on Friday, 28th February 2019.  Category 2 relates to development support to enable projects to become ready to apply for Category 1, which supports the delivery and completion of capital projects which have full planning permission and other necessary consents in place.