Mayor and Chief Executive welcome €6.2 million for strategic projects for Limerick Metropolitan Area

  • Opera CGI01 Plaza 810x456

The Mayor of the City and County of Limerick and the Chief Executive of Limerick City and County Council have welcomed the awarding of €6,234,000 to the Limerick Metropolitan Area for projects designed to rejuvenate and make the Limerick city region a more attractive place to live, work and play.

The funding will allow for significant progress to be made in strategically important projects for Limerick and the region such as the Opera Project, O’Connell Street Redevelopment, Limerick’s Living Georgian City, development of world class waterfront project and a regional digital collaboration and virtual reality centre.

Welcoming the announcement  Conn Murray, Chief Executive of Limerick City and County Council said: “This funding will enable us achieve our vision, that of placing Limerick city centre at the heart of a vibrant and innovative region with the funding to develop a new world-class waterfront and rejuvenation of the city’s Georgian Quarter.”

“These innovative and transformational urban regeneration projects, which are a catalyst for further development, are likely to leverage significant further public and private investment.”

“This fund is about backing better and more coordinated planning for future generations in a way that meets the needs of our growing population and economy more sustainably.”

Mayor of the City and County of Limerick, Cllr James Collins said: “The funding is another vote of confidence in Limerick and the Limerick 2030 Economic and Spatial Plan as we continue to redevelop Limerick City Centre. These are projects which are going to transform Limerick in the years to come. All of these projects will hopefully encourage more private investors to look again at the potential of Limerick”.

“Today’s announcement, added to the funding announced on Friday for rural projects, shows that we are supporting projects that have an important economic focus but also a social focus, which have people and communities are their heart.”

Funding has been received in Categories A and B. Category A projects are ‘Ready-to-go’ proposals that can be initiated in 2019 - have the necessary consents (e.g. planning) in place, be at an advanced stage of design and be procurement-ready.

Category B projects are proposals that require further development and that, subject to approval in principle, may be initiated in 2019 or in subsequent years.

The Limerick Metropolitan Area received 6% of the overall funding nationally.

Category A

Lead Partner

Project

Description

Amount

Limerick City and County Council

Opera Project

 

Funding sought for the non-commercial elements of the development – public realm, new city libraryand enabling works.

€1,839,000

Limerick City and County Council

O'Connell Street

Project seeks to position O’Connell Street as Limerick’s signature street.

€905,000

University of Limerick

Digital District (Inner City Digital Hub)

Working in collaboration with Limerick City and County Council this project seeks to harness the potential of digital technology to help grow Limerick as a ‘smart’ city for the benefit of all citizens and visitors

€750,000

Total:

€3,494,000

Category B

Lead Partner

Project

Description

Limerick City and County Council

Digital Collaboration and Virtual Reality Centre

Address building vacancy at No.’s 29 & 30 Cecil Street and to act as a catalyst for further investment and building refurbishment in the area. The Digital Collaboration and Virtual Reality Centre will work with multi-national companies (MNC’s), small-medium enterprises (SME’s), Start-Ups and third levels to facilitate the application and adoption of existing technology to solve business problems. The work of the centre will focus on business process improvement rather than new technology development.

Limerick City and County Council

Living Georgian City Programme

Focus on targeted interventions to renew vacant and underutilised stock, to increase the level of residential use in the city – investment model and governance structure, smart ageing homes demonstration project, laneways upgrade, development of a citizen participation platform

Limerick City and County Council

Social and Economic Model

Develop an input output model that will allow the impact of various investments to be properly assessed. It will initially assess the potential impact of the development of the Opera site.

Limerick City and County Council

World-class Waterfront

Implement one of the objectives of the Limerick 2030 Plan – a world-class waterfront by integrating the proposed flood defences under the CFRAMS programme with public realm works creating a linear link from the Docklands to King’s Island.

Clare County Council

The Venue Shannon (Strategic Masterplan)

 

Total:

€2,740,000

 

The funding is part of the government’s Urban Regeneration and Development Fund (URDF), which 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 and National Development Plan.

It is to enable a greater proportion of housing and commercial 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 where people choose to live and work, as well as to invest and to visit.

Today’s announcement follows last Friday’s release of the successful applicants for the rural strand of the funding.

Limerick projects received €7.1 million for development of the Great Southern Greenway, Murroe Community Hub and Glenbrohane Local Hub.

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