The Minister for Rural and Community Development, has launched the third call for proposals under the Government’s Rural Regeneration and Development Fund as part of Project Ireland 2040.

The Fund is part of the Department of Rural and Community Development’s Rural Development Investment Programme which is funded under Project Ireland 2040. 

Minister Michael Ring says the Fund is providing €1 billion in investment over 10 years to support the regeneration and development of rural town, villages and outlying areas. 

Initial funding of €315 million was allocated on a phased basis over the period 2019 to 2022. 

This call under the Fund is for Category 1 applications, which relate to capital projects that have planning in place and are ready to commence at the date of application. 

It is expected that a funding announcement relating to the second call for Category 2 applications – for projects which require assistance for project development work in order to reach full delivery readiness – will be made shortly.