The new Vacant Property Refurbishment scheme is offering up to €50,000 in funding for owners of derelict properties whilst vacant property could be entitled to up to €30,000.
A grant of up to a maximum of €30,000 is available for the refurbishment of vacant properties for occupation as a principal private residence, including the conversion of a property which has not been used as residential heretofore, subject to appropriate planning permission being in place.
Where the refurbishment costs are expected to exceed the standard grant of up to €30,000, a maximum top-up grant amount of up to €20,000 is available where the property is confirmed by the applicant to be derelict (i.e. structurally unsound and dangerous) or if the property is on the Derelict Sites Register, bringing the total grant available for a derelict property up to a maximum of €50,000.
In the case of a top-up grant in respect of a derelict property not on the Derelict Sites Register, an independent report prepared by an appropriately qualified professional is required to be submitted along with the application confirming that the property is derelict.
Those applying for the Grant will be required to indicate on the application form if they are applying for the Vacant Property Refurbishment Grant alone or the Vacant Property Refurbishment Grant including the Derelict Property top-up Grant.
The level of Grant will be contingent on the works approved by the local authority and will be paid based on vouched expenditure following a final inspection by the local authority.
Full details can be found HERE.
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