An Taoiseach, Leo Varadkar TD, and several Government Ministers, have today launched the €4 billion Project Ireland 2040 funds for rural development, urban regeneration, climate action and innovation.
The four funds are a major innovation in Project Ireland 2040.
Rather than allocating funding in a ‘business as usual’ way to Government Departments, money will be allocated competitively to the best projects, which leverage investment from other sources thereby ensuring that the impact of this investment goes much, much further.
The funds will be open to applications from state agencies, local government, business, educational institutions, chambers of commerce, and others, but the ideal applications will be collaborative efforts that break down barriers and silos.
The call for applications will open in the coming weeks.
You can read more here.
As part of the Government announcement, Minister Denis Naughten outlined a new €500m Climate Action Fund and his address can be seen here.