#budget2014 – The Minister for Agriculture, Food and the Marine Simon Coveney TD today announced details of his Department's 2015 budget. Emphasising that despite the fragile recovery in the economy, he had secured an increase in funding for the first time since 2009. Included in the funding of the Marine sector is the sum of €11.5 million devoted to the new seafood development programme 2015, while a further €11.5 million of capital funding will be invested in fishery harbour capital works, which not only adds value and improvement to these harbours but also contributes heavily to the local economies of the areas concerned. Some €6.3 million is allocated to investments in aquaculture and fish processing projects, while close to €47million is allocated to fund the marketing and development functions of BIM, the research role of the Marine Institute and the regulatory and control functions of the Seafood Protection Authority.
About The Author
Afloat.ie Team
Afloat.ie is Ireland's dedicated marine journalism team.
Have you got a story for our reporters? Email us here.
We've got a favour to ask
More people are reading Afloat.ie than ever thanks to the power of the internet but we're in stormy seas because advertising revenues across the media are falling fast. Unlike many news sites, we haven’t put up a paywall because we want to keep our marine journalism open.
Afloat.ie is Ireland's only full–time marine journalism team and it takes time, money and hard work to produce our content.
So you can see why we need to ask for your help.
If everyone chipped in, we can enhance our coverage and our future would be more secure. You can help us through a small donation. Thank you.