Pearse Doherty (Donegal, Sinn Fein)
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668. To ask the Minister for Rural and Community Development his Department's capital allocation in each of the years 2018 to 2022; and the areas to which funds will be allocated in each of those years. [9525/18]

Michael Ring (Mayo, Fine Gael)
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My Department delivers a variety of capital schemes including the Town and Village Renewal Scheme, the Outdoor Recreation Infrastructure Scheme, the CLÁR Programme, the Walks Scheme, the Local Improvement Scheme (LIS), the LEADER Programme, the Community Facilities Fund, RAPID, and Library Development.

The Expenditure Report 2018 published alongside Budget 2018 set out a capital allocation of €88m in respect of my Department in 2018, supplemented by €7.7m in capital carryover

As recently announced, a new Rural Regeneration and Development Fund will be established under my Department as part of Project Ireland 2040. The fund will invest an additional €1 billion in supporting rural renewal.

The additional investment under the Rural Regeneration and Development Fund will commence in 2019 and will ramp up incrementally over the first 4 years before reaching a steady level of investment. My Department’s Capital allocation, to 2022, will be as follows: (this shows a doubling of investment between now and 2022):

Rural Registration and Development Fund:

My Department is currently developing proposals for the detailed operation of the Rural Regeneration and Development Fund, and I will announce the details following consultation with relevant Government colleagues.