§ First
time in Irish history that Planning & Investment have been linked
§ Four
new funds totalling €4bn for rural & urban growth, climate action &
innovation
§ Major
transport focus linking all parts of Ireland & filling gaps in North West
§ €22bn
climate change programme as well as major public transport investment
§ Preparing
Ireland for Brexit by investing in the future & targeting at risk sectors
Taoiseach Leo Varadkar and the Government today
launched a €116 billion plan to re-imagine Ireland and prepare for the future
following a special Cabinet meeting at the Institute of Technology in
Sligo.
In front of an audience of college students, the
Cabinet unveiled Project Ireland 2040 which aims to build the Ireland of
tomorrow, and prepare for a future society which will have an extra one million
people and 660,000 more people at work.
Project Ireland 2040 takes a radically different
approach to future planning by focusing not just on bricks and mortar, but on
social, economic and cultural development. It links planning and investment for
the first time in Irish history, balances rural and urban investment, and will
avoid the mistakes of the past.
Three quarters of new growth will be outside
Dublin, with 50% of the projected population growth planned for our towns,
villages and rural areas and 50% for our cities. Dublin, our capital city, must
grow up and not out. And it’s underpinned by a 10 year €116 billion National
Development Plan. This is a dramatic increase in public investment for Ireland,
and makes Ireland a European leader for investment, leaving behind the lost
decade since 2008.
Above all, Project Ireland 2040 aims to
Brexit-proof Ireland by investing in the future with a particular focus on the
Border Regions.
It includes four new funds designed to stimulate
renewal and investment in rural and urban areas, the environment and
innovation:
§ €2
billion Urban Regeneration and Development Fund;
§ €1
billion Rural Development Fund;
§ €500
million Climate Action Fund;
§ €500
Disruptive Technologies Fund.
There is also a significant focus on the environment
with €22 billion allocated to tackling and dealing with climate change across
transport, energy and commercial State agencies.
Taoiseach Leo Varadkar said:
This
is a plan for all our citizens – the old, the young, and the yet to be born,
living in towns, in cities and in the countryside. It follows the spirit of
Collins and Lemass, people who always strove to raise the prospects of every
Irish citizen. It’s about ensuring that all parts of Ireland fulfil their
potential. As we approach our 100th anniversary as a sovereign
nation, it’s about investing to ensure our country is insulated against any
possible challenges like Brexit. It’s a path to a positive, sustainable future.
Finance Minister Paschal Donohoe said:
This
National Development Plan will change how we invest in public infrastructure in
Ireland. It moves beyond the approach of the past, which saw public investment
spread too thinly and investment decisions which didn’t align with a spatial
strategy. These practices contributed to some of the major issues that we, as a
country, face today, particularly the predominance of Dublin in terms of
economic growth, alongside the challenges facing rural communities. In order to
meet the needs our citizens, a number of major innovations are being
introduced. Among them are a longer-term (10 year) strategic approach to public
capital investment; a sustained increase in that investment to meet the
infrastructural needs of all communities; four new Funds to target urban and
rural renewal, climate action and ‘disruptive technologies’; and the
establishment of a new National Regeneration and Development Agency to help to
drive growth and renewal in towns and cities across the country - all of which
will enable us to work towards making a more equal and a fairer Ireland a
reality.
Housing Minister Eoghan Murphy said:
Ireland
stands on the cusp of great change. In the next 20 years we will grow by an
extra one million people. This raises a series of important questions for
our consideration, the most basic being where will all these people live and
work, what kind of quality of life will we each enjoy, and how will a country
of almost six million people impact on our communities and on our built and
natural environment.
We
have a responsibility to answer these questions; we have a responsibility to
plan for the changes that we face – to manage our future growth in a productive
and sustainable way. This is a challenge certainly, but it is also a great
opportunity for a new generation to imagine, and implement, a shared vision for
each community on this island.
Project
Ireland 2040 represents an important shift from previous approaches to
long-term planning and investment by Government. It is an approach that joins
up ambition for improvement across the different areas of our lives, bringing
the various government departments, agencies, State owned enterprises and local
authorities behind a shared set of strategic objectives for rural, regional and
urban development.
Find out what #projectIreland means for you at gov.ie/2040