Ireland to get €1.4 billion in EU Cohesion funding– Ferreira

Ireland is set to get €1.4b in EU funding over the next six years to help address regional disparities and social inequalities. The money will come from the EU’s Cohesion Funding policy which aims to improve the economic well-being of regions and cities in the EU.

Money will be invested in a range of initiatives including green transition projects, revitalisation of town centres, and schemes to help reduce poverty and social exclusion. €84m will support the Midlands region deal with the transition from peat for electricity generation. And around €142m is set for the Irish fishing, processing and aquaculture sectors.   

The government’s plans for investing the funds are set out in a Partnership Agreement between Ireland and the European Commission which is being launched today. The EU Commissioner for Cohesion and Reforms, Elisa Ferreira has been visiting Ireland for the launch of the Partnership Agreement. She explains the purpose of the Cohesion fund.

Out words: South East

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