Press Release

A recent report read at the Housing Strategic Policy Committee of Cork City Council reveals that Cork’s social housing is benefitting from European Regional Development Fund (ERDF).

Independent Cllr Kieran McCarthy, a member of the Council’s housing functional committee, notes that there is a considerable stock of social housing in public ownership, generally in disadvantaged areas, which do not meet the new building requirements in terms of energy efficiency and performance.

“Currently the national social housing stock is comprised of some 130,000 rental properties, most of which are located in the country’s cities and towns. It is estimated that there are some 25,000 older properties with low levels of energy performance, due mainly through heat loss through the fabric of the building. With EU structural funds, targeted measures can be pursued to address improved energy efficiency, carbon savings, and improved comfort levels”, McCarthy highlighted.

“There are also large numbers of owner occupied non-Local Authority homes, which were constructed before 2006, where the energy efficiency and performance is very poor. A further targeted measure to address energy efficiency improvements in these homes, specifically targeting the elderly and vulnerable, making the homes more comfortable, healthier and more cost effective to run will also be rolled out. Ultimately these programmes also create an increase in green jobs in Ireland”.

“The level of ERDF or EU structural funds being invested in Cork and other counties is really significant and sometimes not acknowledge fully in the public realm. Focus is also being places on developing new technologies (ICT), small and medium- sized enterprises (SMEs) and an increased focus on sustainable urban development such as stronger transport mobility models”.

“A funding package of €500 million from the ERDF and the Irish exchequer is being invested in the region over the programme period 2014-2020. The ERDF aims to strengthen economic and social cohesion in the European Union by correcting imbalances between its regions”.