Cork Chamber welcomes significant Urban Regeneration and Development Funding
Speaking following the announcement of URDF funding for Cork today, Paula Cogan, President of Cork Chamber said,
“The announcement of significant enabling funds of €353.4m for the Cork Docklands means that Ireland’s largest, most ambitious and exciting regeneration programme can move ahead with confidence. In the Cork Docklands, there is room for a population of 25,000 and a workforce of almost 30,000 providing opportunity for the most vibrant and high-quality living and working spaces in Ireland.
The allocation of €46.05m for Grand Parade Quarter, to include a new library is also fantastic bringing freshness and revival to the heart of our City. Allocations of €4.7m for Mallow Town Centre Regeneration and €817,500 for Passage West-Ringaskiddy-Carrigaline Harbour Cluster are significant for the metropolitan area.”
“Government, Cork City Council and Cork County Council must be commended for this significant milestone. By building homes and businesses, cultural assets, and better public spaces within our existing urban footprint, in parallel with transport options such as walking, cycling, bus and rail, Cork will put an exemplary model of community, sustainability and resilience in place.”
Cork Chamber CEO Conor Healy said “Government must be commended for aligning the vision set out for Cork in Ireland 2040, as Ireland’s fastest growing City Region with the funding set for regeneration today. It is a proportionate allocation that will deliver for the state. Truly visionary regeneration is complex and this funding will put the infrastructural cornerstones in place to set the docklands and City centre up for success. It is utterly integral to the evolution of our City.”
“It is essential that the announcement now quickly shifts to investment on the ground and that viability and affordability of apartments is tackled at a policy level. Delivery is critical to investor confidence far beyond the boundaries of the regeneration areas set out. Cork must deliver on its infrastructural commitments or our global competitors will steal a march as we move on from this pandemic.”