Chamber News

€7.35 million funding for Waterford under the National Development Plan

Responding to the announcement that Waterford is to receive €7.35 million in funding under the National Development Plan, Waterford Chamber CEO Gerald Hurley said: “It is encouraging to see Waterford has been allocated €7.35 million, the largest allocation out of the 88 projects announced and it is certainly welcome news for Tramore.

“It begs the question, with only €100 million to allocate, should the Government have prioritised key projects instead of taking the attitude of let’s give a little bit to everyone?

“In terms of the North Quays, the allocation is somewhat disappointing, particularly as the project was specifically referenced in the National Planning Framework. It is only natural that Waterford be given the highest allocation, as we need this investment to bring us in line with the other regional cities but what we need now is a commitment from Government that the full funding will be made available, as well as the timelines, which will be required to trigger the tendering process.

“We knew the funding was always going to be on a phased basis, but we need buy-in from everyone, including the Government, that the total funding will be made available.

“Six million euro is a very small sum to advance a project of scale like the North Quays and we must be mindful of the fact that we have investors to keep on side, who are keen to get the project underway.

“We hope this is an indication of the Government’s commitment to making the full amount available but we need assurances as a matter of urgency, so we can begin the project in earnest and realise the goal of being the Capital of the South East, as identified in the Government’s own Ireland 2040 plan and which is fully supported by our neighbouring counties.

“In terms of Tramore, the allocation is most welcome and one that has been pushed for many years. Having recently integrated Tramore Chamber of Tourism & Commerce with Waterford Chamber, we are actively working with the business community in Tramore and look forward to supporting them to grow and develop the town.”

 

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