The Urban Regeneration and Development Fund (URDF) is a flagship element of Project Ireland 2040. Under the stewardship of the Department of Housing, Local Government and Heritage, the Fund was established to support more compact and sustainable development, through the regeneration and rejuvenation of Ireland’s five cities and other large towns, in line with the objectives of the National Planning Framework (NPF) and National Development Plan (NDP). This will enable a greater proportion of residential and mixed-use development to be delivered within the existing built-up footprints of our cities and towns and to ensure that more parts of our urban areas can become attractive and vibrant places in which people choose to live and work, as well as to invest and to visit.
It is one of four funds set up under the National Development Plan 2018-2027, and is being implemented by the Department of Housing, Local Government and Heritage. A total of €2 billion has been allocated to the URDF up to 2027, with €550 million available up to 2022 and €130 million is available for 2020.