The Government has approved a new €377 million package of Shared Island Fund investments, bringing total allocations under the initiative to €1 billion. The funding will support 12 cross-border projects and programmes between 2027 and 2030, spanning transport, renewable energy, skills, innovation, health, tourism and environmental sustainability.

Key measures include €193 million for rail infrastructure upgrades on the Dublin-Belfast-Derry corridor, €35 million to maintain the hourly Dublin-Belfast rail service, €40 million for offshore renewable energy port infrastructure, and €20 million for a new Shared Island Industrial Sustainability Challenge Fund to support innovative decarbonisation projects. The package also includes investment in digital creative industries, early years education, health cooperation and tourism development.

Announcing the package, Taoiseach Micheál Martin said the funding would help build a more connected, sustainable and prosperous island through enhanced infrastructure, economic cooperation and shared public services. Total allocations under the Shared Island Fund now exceed €1 billion.

Dublin Chamber welcomes continued investment in all-island connectivity and economic cooperation, particularly the significant funding for rail infrastructure, offshore renewable energy and industrial sustainability. Improved transport links, stronger energy infrastructure and greater support for business innovation can help boost competitiveness and unlock economic opportunities across the island. Continued investment in skills, research and innovation will also be critical to ensuring businesses can access the talent, expertise and technologies needed to drive productivity and sustainable growth.

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