Fianna Fáil TD Brendan Smith has welcomed a significant funding announcement for the region.
Minster Dara Calleary announced over €1.4 million in funding for two landmark projects in Cavan and Monaghan under the Rural Regeneration and Development Fund.
Bailieboro Town Regeneration Plan has been awarded €792,000 for an extensive town centre regeneration project focusing particularly on the Main Street in Bailieboro.
In addition, Clones Community Hub & Public Realm - St Tiernach's Quarter Regeneration Project - has been granted €664,668 to develop a community hub located in St Tiernach's park.
The proposed multi-purpose hub involves the appointment of an architect led design team which will oversee the development of the facility.
Speaking to Northern Sound, Deputy Brendan Smith complimented both Cavan County Council and Monaghan County Council as the lead parties in developing these projects.
He said detailed applications and background work has to be undertaken by the Councils to get the projects to this stage.
Deputy Smith continued: "I compliment both Cavan County Council and Monaghan County Council as the lead parties in developing these projects. Detailed applications and background work has to be undertaken by the Councils to get the projects to this stage.
"The funding is part of a €20.5 million investment throughout the country under the Rural Regeneration Development Fund (RRDF) for projects that will rejuvenate town centres, drive economic growth, increase town footfall, combat dereliction, develop pedestrian zones and boost tourism in rural Ireland.
"The successful projects announced today are for RRDF Category 2 Projects. 'Category 2' RRDF projects are intended to provide funding to allow Project Leads undertake and complete the initial planning, design and technical works required to of any large-scale project. This sees potential, large scale RRDF projects developed to a stage allowing for greater certainty regarding scope, cost and delivery timelines to apply for further funding under a 'Category 1' RRDF application.
"I understand that there has been a phenomenal level of interest in the Rural Regeneration and Development Fund, with applications of an excellent standard, and I want to take this opportunity to congratulate all those involved in the Bailieboro Town Regeneration Project and the Clones Community Hub & Public Realm on their success. I would also like to encourage other groups to consider preparing for the next call."