Vital Ballina project receives additional significant funding
Ballina.
Minister of State Alan Dillon TD has confirmed additional funding of €387,706 for the Ballina Innovation Quarter project, supporting Mayo County Council’s recent submission for enhanced capital and IT infrastructure expenditures.
Minister Dillon said, “I am delighted to see that additional funding has been approved for this vital project. It will revitalise the heart of Ballina and bring much-needed high-quality enterprise space, addressing dereliction and vacancy in the town.”
He added: “This development is crucial for fostering innovation and attracting new businesses, which are essential for our local economy.” Originally granted €6.2 million under the Urban Regeneration and Development Fund (URDF), the project has now received a total of €7,113,710 in funding, which includes a recent inflation claim of €493,831.
“This additional allocation from my Department demonstrates the government’s commitment to supporting local initiatives that drive growth and development,” Dillon emphasised.
The development aims to transform the historic military complex, dating back to 1742, into a state-of-the-art digital hub and innovation centre.
“This is more than just a building; it’s an opportunity to create up to 150 jobs and act as a catalyst for the urban regeneration of Ballina and its surroundings,” he noted.
The Ballina Innovation Quarter will comprise 20 spaces for technology, digital media, and internet companies, enabling them to scale and grow alongside local enterprises.
Dillon stated, “I look forward to its opening and seeing many new businesses opening in this area, contributing to a vibrant economic landscape.”
Minister of State Dara Calleary said: “Mayo County Council requested an additional allocation of funding for the Ballina Innovation Quarter (IQ Ballina) and I am pleased that the request has been accepted and processed by the Department. It brings the total URDF funding allocation to over €7.1milion.
“I am continuing to work with the Mayo Local Enterprise Office and Moy Valley Resources in respect of the tenancies. A number of businesses have occupied spaces with talks continuing with potential others. The civic space has been warmly welcomed in the town and was used extensively during recent festivals in the town,” he said.
