Thursday 18 October 2018

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Rural fund calls for applicants

Wednesday, 11th July, 2018 5:08pm

A new Government fund aimed at regenerating rural areas is now open for applications.

The Rural Regeneration and Development Fund is calling for applications from this week. The €1 billion fund aims to support collaborative projects between Government departments, State agencies, local authorities and other public bodies.

Under the remit of Minister for Rural and Community Development Michael Ring, the fund is also open to local development companies, philanthropic funders, the private sector and communities. The lead partner must be a State-funded body.

The closing date for the receipt of proposals is 27 September 2018 and it is anticipated that successful projects will be announced in late October or early November.

Minister Michael Ring said: “The Rural Regeneration and Development Fund represents an unprecedented opportunity to strengthen the fabric of rural Ireland and make a significant and sustainable positive impact on rural communities.

“The scale of the Fund shows that this Government understands the need for proper investment in rural areas and that it is committed to supporting rural Ireland.

“For those who live in rural parts of Ireland, this provides an opportunity to make a real difference to their quality of life, to their connectivity and to their future,” he added.

“The Rural Regeneration and Development Fund will be a key instrument to support the objectives of Project Ireland 2040, and, in particular, to achieving strengthened rural

economies and communities.”

Speaking about the fund, Fine Gael County Cllr John Paul O’Shea said: “The €1 billion will leverage further funding from the public, private and community sectors by way of matching contributions. The Fund will support investments of significant scale, with a grant value of at least €500,000.

“It will support ambitious, collaborative projects in rural settlements of less than 10,000 people and outlying areas, and will contribute to sustainable rural regeneration and improve the quality of life of our rural communities. It will also support job creation in rural areas.”

An Tánaiste Simon Coveney said: “It is essential that the councils and community organisations here in Cork make submissions for funding. The type of projects it will support will include addressing infrastructural deficits in towns and villages, encouraging enterprise, and enhancing heritage and community assets in rural areas,” he said.

Full details of the Rural Regeneration and Development Fund, along with the application form, are available on the Department of Rural and Community Development website at drcd.gov.ie.

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