Government allocates €315m to Rural Regeneration and Development Fund

As part of Project Ireland 2040, the Government has committed to providing an additional €1 billion for a new Rural Regeneration and Development Fund (“the Fund”) over the period 2019 to 2027. The Fund will provide investment to support rural renewal for suitable projects in towns and villages with a population of less than 10,000, and outlying areas. It will be administered by the Department of Rural and Community Development. Initial funding of €315 million is being allocated to the Fund on a phased basis over the period 2019 to 2022.

Funding will be awarded through a competitive bid process, based on delivering the objectives for rural Ireland in the National Planning Framework.  Key outcomes will be to support sustainable community and economic development in rural Ireland, including through regenerating smaller towns and villages and encouraging entrepreneurship and innovation to support job creation in rural areas.

For more detail please see the Scheme information booklet on the Department’s website.