Alan Kelly (Tipperary North, Labour)
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380. To ask the Minister for Housing, Planning, and Local Government when the next round of funding from the urban regeneration and development fund will be allocated; and the current status of the application process. [4649/25]

James Browne (Wexford, Fianna Fail)
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A flagship element of Project Ireland 2040, the Urban Regeneration and Development Fund (URDF) was one of four new funds established under the National Development Plan (NDP) 2018 – 2027. Launched in 2018 with committed Exchequer funding of €2 billion the review of the NDP in 2021 extended the URDF to 2030.

To date, there have been three rounds of funding provided under the URDF with more than €1.9 billion allocated so far. While Call 1 and 2 was for specific proposals, the latest round of funding (Call 3) is supporting a programme of acquisitions in each local authority to address long term vacancy and dereliction. Under Call 1 and Call 2 there were 132 proposals, comprising of more than 400 individual projects, approved for funding. URDF supported projects are now active in every local authority area in the country.

In line with the agreed Programme for Government, I intend to continue and expand URDF-type investment in projects as part of the new Towns and Cities Infrastructure Investment Fund, which will allow for investment in infrastructure, the acquisition of land, assembly of sites and the de-risking of sites in existing towns and cities to maximise their potential growth.

The detailed arrangements for the implementation of these funding streams are currently being finalised. I plan to make a further announcement on these funds following completion of the National Development Plan Review, when the level of additional capital funding for infrastructure investment is determined.