Thursday, 2 December 2021
Department of Housing, Planning, and Local Government
The Rural Regeneration and Development Fund (RRDF) provides investment to support suitable projects in towns and villages with a population of less than 10,000, and outlying areas, which will deliver on the National Strategic Objective of Strengthened Rural Economies and Communities. The funding from the RRDF will also further the aims of Our Rural Future, the Government's 5 year policy for rural development, which highlighted the need to build strongly on existing investment and to strive for even greater ambition to achieve significant and rapid progress on the objective of balanced regional development.
Calls for applications to the Fund are sought under two categories – Category 1 and Category 2. Category 1 relates to large scale ambitious capital projects with all necessary planning and other consents in place and which are ready to proceed. Category 2 provides smaller grant funding to enable the development of project proposals suitable for future calls for Category 1 applications.
Three calls for Category 1 applications have been completed to date, while two calls for applications have been completed in relation to Category 2. Arising from the outcome of these calls, 89 Category 1 projects have been approved for funding of €221 million for projects worth €301 million. 75 Category 2 projects have been approved for funding of €34 million for projects worth €46 million. In total, funding of €255 million has been approved to date for 164 projects worth a total of €347 million.
The third call for Category 2 applications closed in July 2021 and I expect to announce the successful projects in the coming weeks. The fourth call for Category 1 applications will be announced before the end of 2021.
Table 1 below lists the 89 Category 1 projects approved for RRDF funding. Table 2 below lists the 75 Category 2 projects recently approved for RRDF funding.