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Monaghan to receive €260,000 to boost local economy

Mar 15, 2023 12:51 By News Northern Sound
Monaghan to receive €260,000 to boost local economy
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Monaghan is set to receive funding to boost the local economy and address vacancy rates.

Under an announcement made this lunchtime €1.3m in funding has been approved for 11 historic towns under the 2023 Historic Towns Initiative.

Monaghan Town will receive the most funding from the 10 other towns at €260,000 under the initiative.

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The Heritage Council, along with Minister of State Malcolm Noonan announced the funding for 11 historic towns will share €1.3m funding under the 2023 Historic Towns Initiative. The funding will help to provide jobs through heritage-led regeneration, aid the rebuilding of local economies, and address vacancy with heritage as the consistent focal point.

A joint initiative between the Department of Housing, Local Government and Heritage, and the Heritage Council, this year's scheme follows on from highly successful projects during 2018 to 2022. The Historic Towns Initiative seeks proposals that encourage the specific re-use of historic buildings with works on this year's projects to be completed before the end of the year.

Monaghan town received approval for a two-year project in 2022 and it is set to receive €263,434 under the initiative this year. The project aims to re-establish residential use in the historic Dublin Street, Monaghan town. This will entail external conservation works to five buildings and internal refurbishment to two buildings for residential use.

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