Robert Troy (Longford-Westmeath, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

154. To ask the Minister for Finance if the living city initiative will be extended beyond current designated areas; and the costs associated with this scheme by year since it was introduced in tabular form. [42126/19]

Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

As the Deputy will be aware, the Living City Initiative (LCI) was provided for in Finance Act 2013 and commenced on 5th May 2015. In my Budget 2020 speech I announced that the LCI would be extended from 5 May 2020 to 31 December 2022.

In Finance Act 2014, LCI was extended beyond the original planned pilot city special regeneration zones of Limerick and Waterford, to include the special regeneration zones of Dublin, Cork, Galway and Kilkenny. In line with my Department's commitment to evidence based policy-making, the inclusion of these additional four city special regeneration zones followed the completion of a comprehensive, independent ex-ante cost benefit analysis.

I currently have no plans to extend LCI beyond the special regeneration zones mentioned.

The following table outlines the uptake and cost for LCI from 2013 to 2017 (the most recent year for which data are available):