--- title: Government approves over €70m for Shared Island investments description: Shared Island image: https://www.fiannafail.ie/hubfs/Imported_Blog_Media/Niamh_Smyth_FF_CavanMonaghan-Apr-26-2021-10-20-35-48-PM.jpg --- [ Join ](https://www.fiannafail.ie/join-fianna-fail) [ Donate Now ](https://www.fiannafail.ie/donate-now) Search website: ** Search # Government approves over €70m for Shared Island investments Published on: 08 July 2022 ***Shared Island Fund will support new cross-border initiatives on climate action, EV charging, sustainable tourism and recreation, and the arts*** *** *** ***Cross-border local authority partnerships progressing new investment projects***   Fianna Fáil TD fo Cavan-Monaghan & North Meath, Niamh Smyth, has today welcomed €70.4m from the Shared Island Fund to deliver five new cross-border and all-island initiatives.   These are:   · €5m for a Shared Island Local Authority Development Funding Scheme;   · €3m for a Shared Island strand to the Community Climate Action Programme;   · €15m for a Shared Island Electric Vehicle charging infrastructure scheme;   · €7.4m for Shared Island Arts investment projects; and,   · €40m contribution for delivery of Phase 3 of the Ulster Canal restoration     Deputy Smyth said, “Today’s announcement sets out an ambitious, cross-Government programme of work, which will bring communities, North and South, together to work on shared strategic priorities.   "I was delighted to receive confirmation that €40m has been allocated towards the delivery of Phase 3 of the Ulster Canal restoration. Phase 3 is central to delivery of the commitment under the Programme for Government and the New Decade New Approach agreement to complete the Ulster Canal restoration from Clones to Upper Lough Erne.''   The feasibility and pre-development work of this phase was enabled by an allocation of €1m from the Shared Island Fund in December 2020.   Three of the four sub-sections of this phase are now ready to be progressed.   -              Phase 3.1 (2kms) Castle Saunderson to Gortnacarrow   -              Phase 3.2 (0.5kms) Gortnacarrow to the Border   -              Phase 3.4 (3.75kms) New canal navigation between the border at Derrynure and the border at Clonfad.     Deputy Smyth concluded by saying, "The Shared Island Initiative is proof of Fianna Fail’s commitment to delivering all-island solutions which produce real results and benefits for people on either side of the border.” Tags: [Niamh Smyth](https://www.fiannafail.ie/news/tag/niamh-smyth) --- ## **Related news:** [![‘Contrary to opposition opinion, Fianna Fáil will deliver a 1916 Commemorative Centre at Moore Street’ – Senator Fitzpatrick](https://www.fiannafail.ie/hubfs/MaryFitzpatrick.jpg)](https://www.fiannafail.ie/news/contrary-to-opposition-opinion-fianna-fáil-will-deliver-a-1916-commemorative-centre-at-moore-street-senator-fitzpatrick) February 19, 2026 --- ##### [‘Contrary to opposition opinion, Fianna Fáil will deliver a 1916 Commemorative Centre at Moore Street’ – Senator Fitzpatrick](https://www.fiannafail.ie/news/contrary-to-opposition-opinion-fianna-fáil-will-deliver-a-1916-commemorative-centre-at-moore-street-senator-fitzpatrick) [![](https://www.fiannafail.ie/hubfs/fianna-theme/icons/arrow-next.svg) ](https://www.fiannafail.ie/news/contrary-to-opposition-opinion-fianna-fáil-will-deliver-a-1916-commemorative-centre-at-moore-street-senator-fitzpatrick) [![An Taoiseach, Micheál Martin TD Fianna Fáil 1916 Commemoration Arbour Hill, Sunday 27th April 2025](https://www.fiannafail.ie/hubfs/Micheal%20Martin-1.png)](https://www.fiannafail.ie/news/an-taoiseach-micheál-martin-tdfianna-fáil-1916-commemoration-arbour-hill-sunday-27th-april-2025) April 28, 2025 --- ##### [An Taoiseach, Micheál Martin TD Fianna Fáil 1916 Commemoration Arbour Hill, Sunday 27th April 2025](https://www.fiannafail.ie/news/an-taoiseach-micheál-martin-tdfianna-fáil-1916-commemoration-arbour-hill-sunday-27th-april-2025) [![](https://www.fiannafail.ie/hubfs/fianna-theme/icons/arrow-next.svg) ](https://www.fiannafail.ie/news/an-taoiseach-micheál-martin-tdfianna-fáil-1916-commemoration-arbour-hill-sunday-27th-april-2025) [![Taoiseach Micheál Martin on former Minister Micheal O’Kennedy](https://www.fiannafail.ie/hubfs/Micheal%20Okennedy.jpg)](https://www.fiannafail.ie/news/taoiseach-micheál-martin-on-former-minister-micheal-okennedy) April 19, 2022 --- ##### [Taoiseach Micheál Martin on former Minister Micheal O’Kennedy](https://www.fiannafail.ie/news/taoiseach-micheál-martin-on-former-minister-micheal-okennedy) [![](https://www.fiannafail.ie/hubfs/fianna-theme/icons/arrow-next.svg) ](https://www.fiannafail.ie/news/taoiseach-micheál-martin-on-former-minister-micheal-okennedy) [![Speech by Taoiseach Micheál Martin - State commemoration to mark 250th anniversary of birth of Daniel O’Connell Derrynane, Wednesday 6th August 2025](https://www.fiannafail.ie/hubfs/MichealMartin_PR.jpg)](https://www.fiannafail.ie/news/speech-by-taoiseach-micheál-martinstate-commemoration-to-mark-250th-anniversary-of-birth-of-daniel-oconnellderrynane-wednesday-6th-august-2025) August 7, 2025 --- ##### [Speech by Taoiseach Micheál Martin - State commemoration to mark 250th anniversary of birth of Daniel O’Connell Derrynane, Wednesday 6th August 2025](https://www.fiannafail.ie/news/speech-by-taoiseach-micheál-martinstate-commemoration-to-mark-250th-anniversary-of-birth-of-daniel-oconnellderrynane-wednesday-6th-august-2025) [![](https://www.fiannafail.ie/hubfs/fianna-theme/icons/arrow-next.svg) ](https://www.fiannafail.ie/news/speech-by-taoiseach-micheál-martinstate-commemoration-to-mark-250th-anniversary-of-birth-of-daniel-oconnellderrynane-wednesday-6th-august-2025)