Cork City Council has welcomed €7.13 million in funding from the Government for the wider Cork Metropolitan Area under the Urban Regeneration and Development Fund (URDF).
The URDF was established to support the more compact and sustainable development of Ireland’s five cities and large towns.
Lord Mayor, Councillor Mick Finn said: “Cork City is experiencing substantial development and this funding is the first step in realising the even more ambitious plans to make Cork the fastest growing city in Ireland over the next 20 years. This is only stage one, however, and further funding rounds will bring further funding for our growing city.”
Cork City Council CE, Ann Doherty said: “Cork City is experiencing a period of unprecedented development with up to 10,000 jobs due to come on stream in the next five years alone. This first round of URDF funding enables us to build on this recent wave of private development by allowing us to forge ahead with the regeneration of brownfield lands at the north and south docks, the Beamish and Crawford site and its adjacent Grand Parade Quarter.
“This round of funding comes on top of the hundreds of millions earmarked for Cork people and businesses by the National Transport Agency (NTA) and Transport Infrastructure Ireland (TII). Cork City is very much a city rising with €500 million of private development underway or due to begin in the city. This URDF funding will also enable Cork to improve the quality of its public spaces, especially those around the River Lee. Public spaces play a significant role in citizens’ quality of life and enjoyment of their city and also are an attractor of key international talent.”