Cork is set to be transformed with over €405 million announced today for urban regeneration.
The funding will see major investment in the City Docklands Project and the Grand Parade Quarter Project as well as investment in towns including Mallow, Carrigaline, Passage West and Ringaskiddy.
The Government funding has been allocated under the second round of the Urban Regeneration and Development Fund (URDF), which aims to deliver more compact and sustainable development, as envisaged under Project Ireland 2040.
Announcing the funding allocations for Cork this morning, An Taoiseach Michéal Martin said the investment is a "game-changer" for Cork and "positions the city for major growth over the next decades".
Hugely significant day for city as An Taoiseach @MichealMartinTD announces €400m in #ireland2040 funding for Cork City docklands - biggest regeneration project in country - and Grand Parade Quarter inc. progressing 7,700 sq m new library @corkcitylibrary @CBA_cork @CorkChamber pic.twitter.com/kETbTyBh8T— Cork City Council (@corkcitycouncil) March 19, 2021
"It’s all about making Cork city and county even better places in which to work, live, visit and invest.
"It provides funding for the new Marina Park, it provides funding for cycleways, walkways and the Eastern Gateway Bridge, which will further improve connectivity.
"The investment will transform the Grand Parade with over €50 million for a new public library, a new central plaza and boardwalk to facilitate cultural and recreational activities – making it one of the most attractive features in the centre of our city.
"It underpins the strategy of creating strong regional cities outside Dublin, with significant funding also for Mallow town centre regeneration, Passage West, Ringaskiddy and Carrigaline Harbour Cluster," he said.
Cork Senator Jerry Buttimer (FG) said the windfall will bring about a major transformation in Cork city and county.
Congratulations to @corkcitycouncil on their successful projects under the Urban Regeneration Development Fund Grand Parade Quarter & Docklands project will transform @corkcitycentre @CBA_cork @DeptHousingIRL @peterburkefg @FineGael pic.twitter.com/ffXEo2b601— Senator Jerry Buttimer (@jerrybuttimer) March 19, 2021
For Cork county, €4.7 million has been allocated for Mallow Town Centre regeneration and €817,500 for Passage West-Ringaskiddy-Carrigaline Harbour Cluster.
“In the county, URDF funding will help regenerate Mallow town centre including the Mallow Castle Visitor Centre and the Main Street Public Realm Plan while funding will also help with design of the Passage West Cycleway, to ultimately link to Cork city, as well as a new civic space for Carrigaline,” Mr Buttimer said.
“This new investment will unlock the potential of our urban areas, making the best use of land available, promoting sensible development and compact growth, and ensuring that our urban communities are attractive and vibrant places in which to live, work and visit,” he continued.
Mr Buttimer said the support from the URDF for communities in Cork is more vital than ever with the growth in remote and blended working which has seen people spending more time at home locally.
“I commend the work of Minister of State for Local Government and Planning, Peter Burke and Minister for Housing, Local Government and Heritage Darragh O’Brien in overseeing this administration of this unprecedented investment in urban regeneration and development,” he said.