Mr. Gareth McMahon:

I would share the view that the multi-annual approach to funding can create sort of a stop-start to large value projects that perhaps cannot be funded through one individual grant application or allocation.

It is welcome and beneficial for the rural or urban regeneration fund to fund larger projects throughout their lifespan. The maximum funding for town and village renewal projects which may be €100,000, or €200,000 in exceptional cases, is restrictive in the types of projects we can deliver. There is the challenge of the public procurement procedure to be followed and the length of time it takes to be able to draw down funding.