Leitrim County Council has taken a major step in securing investment of €276m for the County over the next 6 years.
This investment programme adopted at this week’s budget meeting when delivered will see the focused and targeted delivery of projects right across the County.
These will include areas such as regeneration and development of town centres, infrastructure development, tourism development, job creation, community development and environment protection.
However, the implementation of this ambitious investment plan for County Leitrim requires the Council to invest €26m of locally raised funds.
The adopted budget, with a 5% increase in the General Rate on Valuation, paves the way for the Council to secure this scale of investment going forward and provides a ring fenced fund to match fund the investment programme.
The Cathaoirleach of Leitrim County Council Cllr Enda McGloin stated: “A programme of this scale, while imposing a cost locally, must be adequately ambitious in order for Leitrim to retain its attractiveness, relevance and success in the eye of increasing competition from all other parts of Ireland’ and he was also confident that in particular ‘the business community working collectively with the Council will come on board to see the county grow beyond expectation in the six years ahead”.
Leitrim County Council Chief Executive Lar Power, in describing the investment programme as “unprecedented and a significant opportunity to leverage substantial funds from Project Ireland 2040” acknowledged the challenge presented to the Elected Members in approving the budget.
The Chief Executive also drew attention to the early progress made to date, with projects to a value of €48m already secured through Project Ireland 2040 grant funding schemes involving a commitment by Leitrim County Council to provide local match funding of almost €6m, representing 23% of the overall match funding requirement of €26m that the Council must raise to deliver on the 6 year Strategic Capital Investment programme.