The Minister for Rural and Community Development, Michael Ring, T.D., today launched the first call for proposals under the Government’s new Rural Regeneration and Development Fund.

The Fund will provide €1 billion in investment over the next 10 years to support the renewal of small towns, villages and outlying rural areas, as part of Project Ireland 2040. Initial funding of €315 million is being allocated to the Fund on a phased basis over the period 2019 to 2022. The Fund will be administered by the Department of Rural and Community Development.

Announcing the opening of the Fund, Minister Ring said: “I am delighted to announce the first call for proposals under the Rural Regeneration and Development Fund today. The Fund is an important part of the Government’s Project Ireland 2040 initiative and will provide €1 billion of investment for small towns, villages and rural areas across Ireland over the next 10 years.

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