Erin McGreehan
Ceist:290. Deputy Erin McGreehan asked the Tánaiste and Minister for Finance for an update on the Drogheda and Dundalk living city initiatives; and if he will make a statement on the matter. [26728/26]
Amharc ar fhreagraTuesday, 21 April 2026
Ceisteanna (290)
Freagraí scríofa
The Living City Initiative is a targeted measure which is aimed at specific areas in need of regeneration. It offers income or corporation tax relief for qualifying expenditure incurred in the refurbishment and conversion of qualifying residential and commercial buildings located within Special Regeneration Areas (SRAs) of Cork, Dublin, Galway, Kilkenny, Limerick and Waterford.
Budget 2026 announced a number of enhancements to the Living City Initiative to strengthen the scheme, with the changes provided for in Finance Act 2025. It was also announced that the scheme would be extended to the five regional centres as set out in the National Planning Framework, namely, Athlone, Drogheda, Dundalk, Letterkenny and Sligo.
For the scheme to start to apply in the five new towns, including Dundalk and Drogheda, Special Regeneration Areas in each town must first be identified and designated.
My Department has received draft Special Regeneration Areas maps for each of the five towns from the relevant Local Authorities. An independent review of the draft maps was undertaken to ensure the maps' consistency with the criteria for Special Regeneration Areas.
The review has concluded and I am pleased to inform the Deputy that the Special Regeneration Areas for each of the five towns were recently designated.