The Rural Economic Development Zone scheme will see 3.7 million euro given to projects in communities nationwide.
143,600 euro has been allocated to a flagship project in the MacGillycuddy Reeks to repair badly damaged upland trails.
40,000 euro will be made available to a proposed sustainable economic development project in Cahersiveen.
A third project as part of the Killorglin Community Enterprise Initiative has been awarded 34,000 euro to undertake a full feasibility study of the Killorglin Mill.
The announcement has been welcomed Senator Marie Moloney and Deputy Arthur Spring.