The principal aim of the Fund is to enable local authorities to bring forward impactful, place-based regeneration projects that can demonstrably improve the social, economic and physical fabric of eligible towns and cities. Compared to previous programmes, the TCRIF places a stronger emphasis on areas experiencing disadvantage, as identified through the Pobal HP Deprivation Index, recognising the need for enhanced regeneration intervention in such locations. 

The first call for applications opened in March 2026 and closes on 1 May 2026. The Department has indicated that the Fund will operate on a multi-annual basis, with further calls anticipated, subject to overall programme funding and Government approval. Under the current call, all local authorities may submit applications in respect of towns with a population of over 9,000. Funding is allocated on a project-by-project basis rather than through a fixed local authority allocation. In general, funding support is capped at 75% of eligible project costs; however, for projects located in areas classified as Disadvantaged, Very Disadvantaged or Extremely Disadvantaged, funding of up to 90% of total eligible costs may be provided. 

The Fund provides for two categories of support under this first call. Category 1A (Plan and Project Pipeline Development) supports early-stage work, including masterplanning, feasibility and design, with funding capped at €150,000 per proposal. Category 1B (Project Delivery) is focused on construction-ready capital projects, with funding capped at €7.5 million per project, increasing to a maximum of €9 million where the enhanced 90% funding rate for disadvantaged areas applies. 

In respect of the first call, Category 1B projects must be sufficiently advanced to demonstrate readiness for construction, with the capacity to commence on site by September 2027. The call documentation also provides for limits on the volume of applications that may be submitted, including a maximum number of Category 1B applications per local authority (up to three) under this call, in order to ensure focus on the most deliverable and impactful proposals.. 

South Dublin County Council continues to assess potential applications under the Towns and Cities Regeneration Investment Fund having regard to national eligibility criteria, deliverability within the required timeframes, and local regeneration priorities. Any applications brought forward will be aligned with the Council’s approved Capital Programme, including the availability of matching funding and the prioritisation of projects that can deliver sustained regeneration benefits for towns and communities within the County.