Fáilte Ireland Announces List of Projects Selected for Next Stage in Grants Scheme for Large Tourism
Fáilte Ireland today published the list of 24 projects selected to proceed to Stage Two of its Grants Scheme for Large Tourism Projects. This is the first call under the scheme, which was officially launched last year and provides a pool of €65m for investment to develop new, or boost existing, tourism experiences and attractions across Ireland. Under the scheme, capital grants in excess of €200k and up to a maximum of €5m will be available. You can find an update with the full list of projects here.
The scheme, which runs up to 2020, is highly competitive and received 115 applications as part of its first call from the public, private and voluntary sectors including community groups. These were Stage One applications, meaning that applicants had to provide an outline of their project, rather than detailed design.
Following a robust and multi-layered set of comprehensive assessments, 24 tourism projects have now been invited to proceed to Stage Two – projects which have been deemed most suitable under the criteria of the scheme to proceed to detailed design stage, subject to the terms and conditions of the scheme.
Speaking today, Orla Carroll, Fáilte Ireland’s Director of Strategic Development emphasised: “We were very pleased to receive such a large amount of interest in the scheme and we are delighted to move to the next phase of assessment with these projects announced today. This scheme will ultimately result in a significant number of large scale projects around the country which will have an immense impact on the future of tourism. Given the large sums involved in our scheme, we designed a two-stage application process to ensure public moneys are best spent and we are confident that we will have very viable projects with great potential ready to proceed following our Phase Two deliberations.”
Following detailed design work, the 24 projects named today will submit their Stage Two application. Each project has up to 18 months to submit a Stage 2 application for their project, upon which a final decision on funding will be made.