Dublin is to get €430 million for regeneration projects as part of plans to encourage growth within urban areas.

The money is part of a total of €2 billion being provided under the Urban Regeneration and Development Fund (URDF) up to 2027.

The biggest single allocation is for €176m to provide infrastructure for the new town of Clonburris near Lucan in south Dublin, which will house around 21,000 people when completed.

The North Inner City is to get over €121m with money being earmarked for two 'big ticket items' - the new city library and cultural quarter at Parnell Square and the redevelopment of the Fruit and Vegetable Market near Smithfield.

Minister for Housing, Local Government and Heritage Darragh O'Brien said the funding will enhance the quality of life for many people.

"The funding I am announcing today will also provide much-needed economic stimulus and job creation as our economy emerges from the depths of the pandemic," he said.

The allocations are the result of a "second call" for URDF funding which saw 76 applications. There is  already €300m being spent from the first call involving 87 projects.

The Department of Housing states that Dublin needs to accommodate a greater proportion of its growth with its metropolitan boundaries as part of Project Ireland 2040, but adds that Dublin includes some important towns, particularly along the Dublin-Belfast corridor that offer regeneration opportunities.

More than €24m is to be spent on Balbriggan in Fingal including a "reimagined harbour experience", recreational facilities along the shoreline and in the park along the River Bracken in Quay St as well as building walkways and cycleways connecting the town centre with Bremore Castle and Ardgillan Castle.

Cherrywood in South Dublin will get more than €40m for projects including parks and cycleways.

Meanwhile Dundrum and Dún Laoghaire will get public realm improvement works as will The Liberties in the south city.

New cycle and pedestrian ways include Grangegorman to Kevin St and Broadstone to Grand Canal routes.

Moore St will also get renewal works including the restoration of the 1916 National Monument at Nos 14-17.

Overall Dublin City's allocation of €174m is 11 times the amount it received in the first round of URDF.

The stated priorities of the second round are integrated urban developments, strategic development areas and schemes that support wider climate action objectives and quality of life.

Funding for eight other urban areas around the country are to be announced over the next number of weeks.