The Rural Regeneration and Development Fund which will see a €1 billion investment in large-scale, collaborative projects that support rural communities is now open for applications.
The new fund, led by the Department of Rural and Community Development, will support projects that aim to regenerate and revitalise rural communities on a sustainable basis.
Proposals are now being sought from local authorities, local development companies, community organisations as well as State agencies by which the Government, through the Department of Rural and Community Development, will provide up to 75% of funding.
The type of measures that will be supported include measures to
• Tackle infrastructural deficiencies
• Improve access to services
• Develop sites and buildings for community use
• Create new, sustainable employment
• Develop or expand tourism initiatives
• Support job creation including entrepreneurship, innovation and creativity hubs
• Improve transport and telecommunications connectivity.
Having worked with my colleague, Minister Michael Ring and officials at the Department of Rural and Community Development, I’m delighted that the Rural Regeneration and Development Fund is now open for applications.
Long before Project Ireland 2040 I advocated for the establishment of a new funding programme to support larger scale projects in communities and regions across rural Ireland. The need for such a fund has been particularly evident where projects with great potential have been unable to secure State support through existing funds and agencies.
As Minister of State at the Department of Rural and Community and as Minister with responsibility for the Atlantic Economic Corridor, I have met with groups and organisations across the West who have existing, transformative plans that could support the revitalisation of rural communities in a sustainable way. The Rural Regeneration and Development Fund will provide the State support needed to make many of these plans a reality.
Applications to the Fund are now being accepted with a deadline, for this first call, of 12 noon on Thursday, 27th September.”