Friday 18 January 2019

New funding for four local towns

Taoiseach Leo Varadkar launches the 2040 Urban Regeneration and Development Plan
Taoiseach Leo Varadkar launches the 2040 Urban Regeneration and Development Plan

A €2 billion Urban Regeneration and Development Fund is set to benefit four major Fingal towns as well as dozens of others across the country.

Swords, Babriggan, Skerries and Malahide have all met the criteria for the funding which was launched last week as part of the ongoing roll-out of the Government's Project Ireland 2040 plan.

The money will be allocated competitively to the best projects, which leverage investment from other sources thereby ensuring that the impact of this investment goes much, much further, according to the Government.

The funds will be open to applications from state agencies, local government, business, educational institutions, chambers of commerce, and others, but the ideal applications will be collaborative efforts.

The call for applications will open in the coming weeks and local Fine Gael representatives are encouraging Fingal groups to apply.

Deputy Alan Farrell TD said: 'This funding is great news for Balbriggan, Malahide, Skerries and Swords, who are all eligible for funding under this programme, which would also subsequently benefit the wider North 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.'

Senator James Reilly said: 'This is an exciting opportunity for Fingal and I urge Fingal Co Council to conduct an urgent review of these Fingal towns to assess the possibility of applying for project funding in the first call for projects in June.

'My first thoughts are there must be opportunities to regenerate the town centre of Balbriggan and bring more life and business in that area with carefully designed sustainable quality development. I would also assume there are projects in Swords that might also qualify in that regard.'

Fingal Independent