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New Seafood Sector €241m Development Programme

7th December 2015

The Minister for Agriculture, Food and the Marine, Simon Coveney TD, today announced that the European Commission has agreed and adopted Ireland’s new €241 million development programme for the seafood sector for the period up to 2020 co-funded by the Exchequer and European Maritime and Fisheries Fund.
In announcing the adoption of the Programme the Minister said “I am delighted to announce that our comprehensive €241 million investment package for the seafood sector has been adopted in law by the Commission and the Programme can now be implemented in full. My Department has been working on this for some time with stakeholders and the State agencies that will deliver the Programme. I expect now that Schemes will be rolled out from the beginning of 2016 to assist seafood enterprises to sustainably grow their production, add value to our seafood exports and create much needed employment in our coastal communities. Our Seafood sector is worth in the region of €850 million annually to our economy and I am aiming to achieve €1 billion sales by 2020.

Published in Fishing
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