Some €4 billion will be made available as part of Project Ireland 2040, as the Government is setting up four new funds to deliver better cities, better rural towns and communities, fund new technology and look at how to combat climate change and effectively respond to the huge challenge it poses.
The breakdown is: €2bn for urban regeneration, €1bn for the Rural Development Fund, €500m climate action fund and €500m disruptive technologies fund.
Wexford’s Minister D’Arcy said; “This funding is great news for Gorey, Enniscorthy, New Ross and Wexford and for the wider county. The €2 billion Urban Regeneration and Development Fund will encourage greater stakeholder contributions than we’ve had in the past.
“This is part of a longer-term plan which delivers the resources to make our new planning framework come alive. Our hope is that this new funding model will move beyond politics and hopefully see more community driven initiatives,” he added.
“This fund will act as a driver of development and it is essential that Wexford County Council and our community groups apply for all the funding available to them.”
The Fund will encourage collaborative approaches between Departments, agencies, Local Authorities and other public bodies, and the private sector, where appropriate, to pool their assets and work with communities to transform rural towns and villages and their outlying areas.
Proposals will be expected to be consistent with the National Planning Framework objectives and provide a strategic integrated approach which is consistent with regional and local plans for the area.