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Gateway Innovation Fund

Gateway Innovation Fund

Cork is a designated Gateway under the National Spatial Strategy. In November 2007 Cork City Council made a submission for funding under the Gateway Innovation Fund in response to a call for proposals by the Department of the Environment, Heritage and Local Government http://www.irishspatialstrategy.ie/GatewayInnovationFund/  The G.I.F. is a strategic targeted intervention designed to stimulate Gateway development in the context of the National Spatial Strategy. It was proposed that the G.I.F. would operate with an Exchequer provision of €300 million over a three year period (originally intended 2008 – 2010).

The projects proposed within the Cork Submission include the development of a bridge crossing – the Eastern Gateway Bridge and the funding of the relocation of the Port of Cork to Ringaskiddy in order to support the redevelopment of the Docklands  area. The submission also includes projects proposed by Cork County Council for the development of the East Cork Area as part of the co-ordinated development of the Cork Gateway. A decision on the GIF is still awaited from Government.