Displaying items by tag: LSSIF

6th December 2023

National Watersports Campus Plans Get a Boost From Top-Up Funding Pot of Over €37M for Major Sports Projects

The proposed National Watersports Campus for Dun Laoghaire has received a major boost in the form of a €410,000-plus top-up grant under the Large-Scale Sport Infrastructure Fund (LSSIF).

Sport Minister Catherine Martin and Minister of State Thomas Byrne made the announcement on Wednesday (6 December) of some €37.6 million in additional funding that will benefit 27 individual projects.

The new funding is being provided in response to delays experienced by grantees arising from the pandemic and construction inflation, following engagement with the Department of Public Expenditure, NDP Delivery and Reform.

Dun Laoghaire’s planned watersports campus gets an additional €410,952 on top of its original €441,893 allocation under the LSSIF in 2020 to fund a feasibility study, for a total of €852,845.

In other watersport-related projects, the National Rowing Centre in Inniscarra, Co Cork receives a top-up of €66,562 after its initial allocation of €613,049.

The ministers have also confirmed that a new round of the LSSIF will open for applications in the first half of 2024.

And for the first time there be a requirement for all successful applicants to publish their Similar Access Policies, in respect of men and women having access to the facilities on similar terms, in order to be eligible for a “top-up” allocation drawdown.

Published in Dun Laoghaire Watersports Campus

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About Foyle Port

Foyle Port, located in the North West region of Northern Ireland, is estimated to handle around 2 million tonnes of cargo per year, with a trade value of approximately £1 billion. The port plays a crucial role in facilitating the import of essential agri-products, supporting around 20,000 farms in the region, as well as various local business sectors such as fuel/oil and construction industries. The organisation supports an estimated 1000 direct and indirect jobs.

Originally located in the bustling heart of Derry City, the Commissioners relocated the port to its current deep-water location at Lisahally in 1993. The terminal boasts an impressive 440 metres of quay and can accommodate large vessels of up to 62,000 DWT. Foyle Port is primarily a bulk port and a significant importer of essential commodities such as oil, coal, animal feed, fertiliser, and plywood, all of which are vital for the North West rural region.

Since 2003, the organisation has experienced significant growth, doubling both turnover and profit and attracting approximately £100 million of inward investment to the region. This investment has supported projects, including a fertiliser plant, an oil tank farm, and a biomass power station.

Established by Act of Parliament in 1854, the Londonderry Port & Harbour Commissioners is an independent statutory authority with a duty to develop, maintain and operate to the highest standards of efficiency, financial prudence, environmental awareness, safety, and security. The Port is independent of the Government and is self-financing. All financial surpluses are reinvested in the business for the benefit of future generations of stakeholders.