The Shannon Town Centre Masterplan, funded by the Department of Housing, Local Government and Heritage under the Urban Regeneration and Development Fund (URDF) and Project Ireland 2040 sets out a clear strategic framework for the renewed development of Shannon Town Centre, providing for a shared vision for its future development.

Clare County Council has been successful in securing funding for five separate rural regeneration and development projects under the €1 billion Rural Regeneration and Development Fund (RRDF), a key component of Project Ireland 2040.