Oireachtas Joint and Select Committees

Thursday, 14 July 2022

Committee on Budgetary Oversight

Summer Economic Statement 2022: Discussion

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

It will be kept under review. I thank the Minister.

My next question is for the Minister, Deputy Donohoe. I refer back to the end of last year. The Living City initiative is available in Limerick city, which is a Georgian city. Unlike probably any other city in Ireland, the footprint in the city is primarily Georgian. The Living City initiative was introduced a number of years ago. There has been some success, but not what one would expect.

In terms of the latest figures from the Department, about 37 properties have availed of the scheme. I asked last year for a review of the scheme and the Minister kindly took it on board. I understand that the Tax Strategy Group is looking at it and will bring forward a report to the Minister. Really bringing the city up - and the city is doing very well with great employment and a lot of positivity - is very difficult when it comes to the footprint of the city, which is Georgian. I ask that when the Minister comes to his budget deliberations, he would consider the review and look at certain areas such as owner-occupier residential properties, particularly around making the initiative consistent with the other schemes for commercial property and landlords in terms of the period for which they can claim and being able to carry forward the relief. It is scheduled to conclude at the end of this year. If the Minister is looking at it, I ask that we would get some bit of headwind that the Minister might extend it for a number of years rather than just one year. I wanted to raise the matter with the Minister in advance of his budget deliberations. It is something in which I am particularly interested. Could the Minister give me his thoughts on the initiative? For those of us in Limerick city, it could be a phenomenal catalyst if it is looked at and amended and if we can encourage more people to participate in it. I want to see families coming to live in the city and people being able to move to the city. The city is very vibrant but the cost of doing up Georgian buildings is far more expensive that the cost of doing up a standard house. The announcement of Croí Cónaithe, what is the Irish pronunciation-----

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