The IUCN's Red List categorises the Eurasian Red Squirrel as Near Threatened. The species is widespread, but suffering from habitat fragmentation and competition from introduced grey squirrels. It is estimated that for every 1 red squirrel in Ireland there are 5 greys (around 50,000 reds to 250,000 greys). However, a pilot relocation project West of the River Shannon (where there is less pressure from the greys) aims to restablish healthy populations in new habitats.In Co. Galway, 15 red squirrels have recently been trapped and relocated from Portumna National Park to Derryclare Wood in Connemara. A second translocation of squirrels to the Coillte owned Belleek Wood in Co. Mayo has been approved by the Minister for the Environment Dick Roche. It is thought that Beleek Wood could support a population of 65 red squirrels but before any are introduced the Belleek Wood Enhancement Group and Coillte are improving the wood as squirrel habitat.
The Department of the Environment's National Parks and Wildlife Service (NPWS) is overseeing the work within guidelines from the International Union for the Conservation of Nature.