Two projects in Donegal have successfully secured funding of over €185,000 each under the government’s €1 billion Rural Regeneration and Development Fund.
Ramelton and Ballyshannon will both receive grants for regeneration projects that will contribute to local economic development and recovery.
€185,625 has been allocated to the Ballyshannon 2040 ‘Back to Ballyshannon Plan’. This total project will cost €247,500 to complete.
€186,869 was also announced for Ramelton Historic Town Centre – A Restorative and Transformational Public Realm Scheme, which will cost €249,159 to fulfil.
€13 million in funding was awarded to 24 projects nationwide to allow for further development of the projects to take place, enabling the projects to reach a stage where they are developed to a high standard and the project is in a position to commence works.
Announcing the successful projects today, Mr Michael Ring TD, Minister for Rural and Community Development said: “The Rural Regeneration and Development Fund represents an unprecedented opportunity to deliver the scale of investment necessary to allow rural communities to further develop and prosper. This investment is more important than ever to help address the challenges arising from the COVID-19 crisis and to drive economic recovery and sustainable development in rural areas.
“The Category 2 funding I am announcing today is for projects that require further development to make them ready for construction. There can be significant work and expense involved in getting projects to the point where they are ready to be delivered. This support is critical to ensure that a pipeline of ambitious regeneration projects are ready to hit the ground running in the future. ”
