Waterford Chamber has been awarded €40,000 under the government’s Regional Enterprise Transition Scheme (RETS) Feasibility Funding. The funding, which was announced by Ministers of State with the Department of Enterprise, Trade and Employment, Robert Troy TD and Damien English TD, will be used ‘to examine the feasibility of revitalising a historic City Centre by leveraging the new Technological University expansion to provide a new student accommodation and student hub’.

Commenting on the allocation of funding, Gerald Hurley, CEO Waterford Chamber said: “The purpose of the funding is to support detailed evaluation of early-stage opportunities for new impactful regional enterprise development projects. At this juncture, with the recent announcement of the new Technological University and the distinct lack of student accommodation already, not to mind when student numbers increase dramatically, we need to examine new ways of housing our students. We have a city centre which is in urgent need of revitalisation and the infrastructure is there to do so, so we will be working closely with EY, Waterford City & County Council, WIT and our own Strategic Panels within Waterford Chamber which represent all sectors of the business community, to ensure it is a fully collaborative effort which can deliver for Waterford. 

“We aim to identify real tangible outcomes that will have a hugely positive impact on Waterford becoming a true university city.

“We are grateful for the Government’s support in this regard and will continue to work on behalf of our members and the wider business community in ensuring the Capital of the South East and the Technological University of the South East are given every opportunity to achieve and surpass the ambitions set out in Project Ireland 2040.”