Offaly County Council secures Regeneration Funding for Banagher
June 25th 2020
OFFALY COUNTY COUNCIL SECURES REGENERATION FUNDING FOR BANAGHER
Offaly County Council today (June 25th) welcomed an announcement by Minister Ring that it was successful in its application for €395,250 for a Banagher Regeneration project under the Rural Regeneration and Development Fund.
The Project, which will be led by Offaly County Council, will require match funding from Council funds and will regenerate the town centre and the marina. Speaking after the announcement, Cathaoirleach of Offaly County Council, Cllr. John Carroll said the investment in Banagher will enhance the town’s potential as an attractive and sustainable place to live, work and visit. Cllr. John Leahy, Cathaoirleach of the Municipal District of Birr also welcomed the co-operation between the local authority, local development groups, businesses and the wider community that led to the success of the application.
Today’s announcement relates to Category 2 of the Fund which provides seed capital funding for strategic, large-scale projects which will assist in delivering town and village regeneration and contribute to economic development and recovery. The funding provided will allow for further development of the projects to take place enabling projects to reach a stage where they are developed to a high standard and the project is in a position to commence works.
Banagher Regeneration funding announcement today gives an unprecedented opportunity to deliver the scale of investment necessary to allow a rural community to further develop and prosper. This investment is more important than ever to help address the challenges arising from the COVID-19 crisis and to drive economic recovery and sustainable development in rural areas.