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Coveney Secures €148m Development Funds For Irish Seafood Industry

12th June 2014
Coveney Secures €148m Development Funds For Irish Seafood Industry

#seafood – Following months of intense lobbying and negotiation, Minister Coveney today secured €148 million from this fund for the period 2014 to 2020 for the development of the Irish seafood industry and the coastal communities that depend upon it. Welcoming this announcement the Minister said 'This funding is more than double the amount that was available to Ireland during the last Common Fisheries Policy (CFP) and will ensure a strong fishing industry in Ireland that can grow expand to meet its potential up to 2020."

In announcing the EU funding, Minister Coveney said "The new CFP is a major overhaul of the way which fishing is carried out in EU waters, the purpose of which is to provide a framework for the long term sustainability of fish stocks and the whole industry. The fund will provide support for our fishing fleet to meet the challenges of the new discards ban; it will support the development of the seafood processing sector, a sustainable aquaculture industry and the communities that depend on a vibrant seafood industry."

The Minister went on to say that "I am satisfied the €148 million which I was able to negotiate for Ireland from the new fund will help our seafood industry to develop and maintain long term sustainability and economic strength. This is more than double the amount of funding that was available to Ireland in the last period from 2007 to 2013 and is, I believe, the level of the investment needed to meet the challenges and opportunities facing the Irish seafood industry."

Ireland must now prepare a programme setting out the arrangements for spending the fund and submit this to the Commission by 20 October 2014. The Department has been working on the new Operational Programme since 2013 and has engaged with stakeholders on a number of occasions to date. Further public consultation and strategic environmental assessment will take place over the summer 2014. The Minister added "We have already being consulting stakeholders on the framework for the new programme. Now that we know the amount of funds we have available we can finalise these consultations and put in place an ambitious programme of support that delivers on the priorities of the fishing industry and other stakeholders."

Under the new CFP, which was negotiated to completion under the Irish Presidency of the EU in 2013, a European Maritime and Fisheries Fund has now been established to support the delivery of the new policy.

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