Minister for Housing, Local Government, and Heritage, Mr Darragh O’Brien TD has announced that €14.49 million has been provisionally allocated to the Cavan Town Abbeylands Masterplan project under the Urban Regeneration Development Fund (URDF)
The announcement is the culmination of an extensive community, landowner and business consultation process taking place over a number of years and will see an overall investment of €19.3 million in the town core.
Announcing provisional allocations in Cavan, Monaghan and Louth this morning, Minister O’Brien said: “This funding will support projects in the North-East that will enhance quality of life for many people. The projects are all about making these areas more attractive places in which to live, work, visit and invest. These three projects focus on regenerating town centres, an important priority for this Government, through a mixture of works to create public spaces, centres for working and community, and works to connect areas in the towns. I believe this funding can be a catalyst for regeneration, development, and growth. It will also provide much-needed economic stimulus and job creation in Cavan, Louth and Monaghan as our economy emerges from the depths of the pandemic.”
Minister O’Brien added: “Compact growth was the focus of this round of URDF funding. The projects the Government is funding are geared towards sustainable growth of our urban settlements, supported by jobs, houses, services and amenities, as envisaged by the National Planning Framework. As well as compact growth, the fund supports our other national planning aims. In that sense the URDF is a unique approach to Government funding. Whilst many funds are for specific projects, the URDF funds a diverse set of integrated projects with integrated aims. I look forward to working with Cavan, Louth, and Monaghan County Councils to progress these important projects.”
Welcoming the news, Cathaoirleach of Cavan County Council, Councillor Sarah O’Reilly said: “The Franciscan Friary, with its iconic bell tower, was the heart of historic Cavan Town and is the burial place of legendary Irish General Owen Roe O’Neill”.
“This ambitious Masterplan has identified a series of high-value and transformational interventions, supported by key partners, devised to stimulate social, cultural, economic, and amenity regeneration in this historically significant area of Cavan Town. I would like to congratulate all who have brought this project to this advanced stage and thank the Minister and his Department for their support of our county town,” added Cllr O’Reilly.
Chief Executive of Cavan County Council, Mr Tommy Ryan said: “The overriding vision of the Masterplan is for Abbeylands to be a pedestrianised and people-friendly place and this landmark project will realise that vision through the creation of welcoming new public spaces and pedestrian streets”.
“This historic area in the town core has seen several large properties become derelict in recent years, with private sector investment focusing on the outskirts of the town, reducing town centre vibrancy, aesthetics, and footfall,” said Mr Ryan.
“This transformative project will bring a new vibrancy to the ancient heart of this town, with the development of a Remote Working Hub and a Community Services Centre. The two new buildings will frame the site of the Old Abbey and the famous bell tower, creating a new civic space, with a second, raised platform-type public space proposed for Abbey Street. New pedestrianised streets will link to Main Street and Bridge Street, creating over 4,500m² of new, pedestrianised public spaces.”
“The total cost of this project is estimated at €19,325,000, with a 25% match funding contribution from Cavan County Council of €4,831,250.”
“I wish to acknowledge the efforts of the many staff who contributed to the Masterplan, and the invaluable support of the elected members, who have backed the project since its inception,” added Mr Ryan.
Cavan County Council’s Director of Services for Planning, Community, and Economic Development, Mr Brendan Jennings explained that the Local Authority has already purchased key properties in Abbeylands to help unlock the area’s potential.
“This Abbeylands project will have a revitalising impact on Cavan Town by increasing footfall, creating new jobs and reducing vacancy, stimulating the town core – both during the day and tapping into the night-time economy – and breathe new life into the town.
“I would like to thank the businesspeople of the town, Cavan Town Team, and Cavan Chamber for their input, enthusiasm, and support. I would particularly like to acknowledge the property owners in Abbeylands Quarter for their engagement and buy-in with this transformative project for the future of the town.” said Mr Jennings.
Cathaoirleach Cllr Sarah O'Reilly, Director Service Brendan Jennings, Minister Darragh O'Brien, and Chief Executive Tommy Ryan, following the announcement of €14.49million in funding for the Abbeylands Regeneration project.
Cathaoirleach Cllr Sarah O'Reilly, Director Service Eoin Doyle, Minister Darragh O'Brien, and Chief Executive Tommy Ryan, following the announcement of €14.49million in funding for the Abbeylands Regeneration project.