In January of this year, provisional allocations totalling €77.4m for 25 projects under Stream 2 (construction) of the Large Scale Sport Infrastructure Fund (LSSIF) were announced. On 13th January additional provisional allocations of €5m for a further 7 projects under Stream 1 (design) of the LSSIF were announced. A provisional allocation of €837,680 was announced for a Regional Sports Campus in Cavan under Stream 1 of the fund and the Department wrote to the Council confirming this on the 16th January.
The evaluation procedures and guidelines for the LSSIF provide that once provisional allocations are announced, the successful projects will undergo a further process of due diligence. This process includes a further review of projects including economic appraisals and feasibility studies as appropriate to comply with the public spending code.
I understand that this process is nearing completion and it is expected that a formal funding agreement will issue to the local authority in the near future.