City’s regeneration agency to get €28m funding

THE Limerick Regeneration Agency is to get government funding of €28 million this year, it has emerged.

Half of the funding will be spent on providing social housing in Limerick City along with counties Limerick and Clare for families being relocated from large urban areas such as Moyross, Southill, St Mary’s Park and Ballinacurra Weston.

Limerick City Council will get e7m, Limerick County Council e5m and Clare County Council e2m. However, it is envisaged the regeneration plan to demolish 4,800 houses in Limerick’s crime blackspots will need a total state investment of more than e1.6 billion over the next eight to 10 years along with private sector investment of e1.4bn.