ESB has confirmed that Lanesboro is set to benefit from a half a million euro in community funding.
The town has been selected to benefit from the Just Transition programme funding, with the council also to receive ownership of the a building on the site of the former Lough Ree Power Plant.
The EU Just Transition Fund is an initiative designed to help communities manage the negative impacts from the transition away from fossil fuel-intensive industries.
The Lough Ree Power Station on the edge of the town was shut in 2020, with many locals describing a severe economic fallout from closure.
The €500,000 fund will be open to applications from community organisations in the region.
The ESB have also confirmed the transfer of ownership of a building, known as the Tomato Shed, to Longford County Council.
According to the local authority, the building will be converted into a multi-purpose sporting facility hosting local groups including the Lanesboro Tri-Athlon club, the local boxing club and Lanesboro National School among others.
The transfer of the premises will take place after required restoration works are identified and carried out on the roof of the building.
It's expected that details on how local organisations can apply for part of the new funds will be announced in the coming weeks.
