Project 2040

Lowry Welcomes Inclusion of Thurles and Clonmel in Project Ireland 2040

Lowry Welcomes The Inclusion Of Thurles & Clonmel In The Governments €4bn Rural Development, Urban Regeneration, Climate Action and Innovation – Project Ireland 2040 Initiative.

Delighted that Thurles and Clonmel have been included in this urban and rural development fund. There will be 4 new Funding options available under the scheme which is part of Project Ireland 2040 and will see €4 billion invested in qualifying areas over the next 10 years.

The breakdown of the funding options are as follows:

• €2 billion: Urban Regeneration and Development Fund – aimed at encouraging sustainable growth in Ireland’s five cities and other large urban centres.

• €1 billion: Rural Development Fund – aimed at supporting job creation in rural areas and support improvements in towns and villages.

• €500 million: Climate Action Fund – to support initiatives that contribute to the achievement of Ireland’s climate and energy targets.

• €500 million: Disruptive Technologies Fund – to be invested in the development and deployment of disruptive innovative technologies

The fund will require a collaborative approach between Government Departments, Local Authorities, Local Agencies, Public Bodies, and the Private Sector, where appropriate. These agencies will work with communities to transform our rural towns and villages and their outlying areas in conjunction with regional and local plans for the area.

The inclusion of Thurles and Clonmel is extremely welcoming and the application process will open in the coming weeks.