Cabinet approves report recommending €150m for innovation district in Dublin
Its report, due to be published on Friday, recommends that the State support the project through both policy measures and financial support.
The majority of the €1.1 billion cost of the development will be borne by developers, Trinity and philanthropic and corporate grants and donations. The report recommends that the Government invest €150 million in the district over the next decade. These findings were formally endorsed by the Cabinet at a recent meeting.said the pledge of State support is “crucial” to unlocking investment and support from the private sector.
“State support, through continued policy development, political goodwill and financial investment is invaluable,” he said. “For international investors, it is a prerequisite that the importance of a project of this nature is demonstrated through Government commitments of this nature.”
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