Objectives of the URDF

The Urban Regeneration and Development Fund (URDF) aims 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 and National Development Plan which together form Project Ireland 2040. More detail on Project Ireland 2040 can be found at https://www.gov.ie/2040/

The URDF is providing up to 75% funding for applicant led projects that will support more compact and sustainable development and enable a greater proportion of residential and mixed-use development to be delivered within the existing built-up footprints of our cities and large towns, while also ensuring 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.

The URDF demonstrates a new and more tailored approach to the provision of Government support. Over its planned duration up to 2030, URDF funding support of €2 billion will be targeted to support the regeneration and rejuvenation of our key towns and cities.

To date, there have been three rounds of funding provided under the URDF, with almost €1.9 billion allocated so far. Under Call 1 and Call 2, 132 proposals comprising of approximately 400 individual projects, were approved for funding. Call 3 of the URDF will URDF specifically addresses long term vacancy and dereliction across URDF eligible cities and town. This will be achieved through the provision of a €150m revolving fund for local authorities to acquire long term vacant or derelict properties.