The Rural Regeneration and Development Fund provides funding for the development and construction of capital projects in towns and villages and rural areas across Ireland.
The fourth call for Category 1 applications to the Rural Regeneration and Development Fund closed on the 29th April 2022. Category 1 relates to large scale ambitious capital projects with all necessary planning and other consents in place, and which are ready to proceed.
On 10th November 2022, I announced the successful applications under this call. Funding of €115 million was approved for 23 projects worth €162 million. The application for the Kilrush Maritime Centre project submitted by Clare County Council was allocated funding of €3,536,919.
My Department will now commence a due diligence process with the successful applicants. Projects are initially approved for funding in principle and then progress through a further comprehensive contract approval process.