Local Economic and Community Plans LECP | Guidelines 2021
The Urban Regeneration and Development Fund (URDF) which aims to deliver more compact and sustainable development, as envisaged under Project Ireland 2040 with a fund of €2 billion to support the growth of Ireland’s five cities and other large urban centres; The Rural Regeneration and Development Fund which is provided to further the aims of the Government’s strategy - Our Rural Future with a fund of €1 billion to invest in rural renewal to allow towns, villages and outlying rural areas to grow sustainably; Allied to this is the potential to explore the development of remote working hubs, in line with the Making Remote Work National Strategy which creates potential for remote working/connected hubs as a means to increase footfall in towns and villages and retain talent/ young people locally. Local Authorities are provided with a unique opportunity to attract young people back to their local areas; The EU Commission’s Cohesion Policy European Structural and Investment Funds (ESIF) programmes for the period 2021 to 2027 will oversee an investment envelope of €1.14 billion across the ERDF. ESF, Just Transition Fund and European Territorial Cooperation programmes. Subject to fund rules the funds are matched by Exchequer, public and private funds. Programmes will go on public display for consultation in 2021; Further EU Commission programmes which will be delivered in Ireland under the partnership principle European Maritime, Fisheries and Aquaculture Fund; The Department of Agriculture, Food and the Marine’s Seafood Development Programme 2021-27 (EMFAF) will see an investment of EU funds €142.3 million of EU funds. The total package is dependent on public match funding; On 1st June 2021, Ireland announced its completion of the National Recovery and Resilience Plan. The plan is at the centerpiece of Ireland accessing the EU Recovery and Resilience Facility, and includes flagship projects with the value of up to €1 billion. For the period 2021-2022, Ireland is expected to receive approximately €915 million EUR in grants;
Support from the EU commission to provide response to the global pandemic continues with an investment envelope of €84 million in 2021 and 2022. The 2021 allocation is delivered under the ESF 2014-2020 Programme; The Creative Ireland Programme which will see a capital investment of €1.2 billion in cultural infrastructure in Ireland over ten years, as part of Project Ireland 2040; The Sports Capital Programme is another Project Ireland 2040 initiative and offers a grant of up to a maximum of €150,000 for the development of sports and physical recreation facilities and the purchase of non-personal sports equipment; The Climate Action Fund which will provide at least €500 million in government funding up to 2027 to provide assistance and financial support to projects which will help Ireland achieve its climate and energy targets; The Disruptive Technologies Innovation Fund (DTIF) which offers a challenge-based fund of €500 million that will see investment in the research, development and deployment of disruptive technologies and applications on a commercial basis; Ireland Strategic Investment Fund, which invests on a commercial basis in a manner designed to support economic activity and employment in Ireland and their sub portfolio the Pandemic Stabilisation and Recovery Fund (PSRF), which focus on supporting medium and large enterprises in Ireland affected by COVID-19; The Strategic Banking Corporation of Ireland which provides access to flexible funding for Irish SMEs; The LEADER programme which has a particular remit for economic development in rural areas and with a focus on social and micro-enterprise; and The SICAP programme which has role in addressing economic disadvantage in particular populations. All other relevant initiatives and schemes available at the time of preparation of the LECP including the ‘Just Transitioning Fund’ (forthcoming) which will be available in 8 counties; Town & Village Renewal; the Greenway Fund; the Regional Enterprise Development Fund and the Shared Island Fund.
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