Menu
Allianz and Afloat - Supporting Irish Boating

Ireland's sailing, boating & maritime magazine

In association with ISA Logo Irish Sailing

New Marine Minister Announces €4.3M EMFF Grants To Seafood Processing & Aquaculture Sectors

28th May 2016
New Marine Minister Announces €4.3M EMFF Grants To Seafood Processing & Aquaculture Sectors

#Seafood - New Marine Minister Michael Creed yesterday (Friday 27 May) announced the award of €4.3 million in grants to 51 seafood enterprises under five schemes launched earlier this year under the European Maritime and Fisheries Fund (EMFF) Operational Programme for the seafood sector.

The grants are co-funded by the Exchequer and EMFF and subject to terms and conditions.

“The EMFF Seafood Development Operational Programme was only adopted in December 2015 and I am delighted that it has so quickly seen these significant investments in our seafood sector provided with the financial supports that will ensure that these critical investments can be implemented," said the minister.

"Collectively, these investments will deliver jobs to coastal communities, develop new value added seafood products, develop new markets and further sales for our seafood products, and develop knowledge and new processes in aquaculture production, disease management and animal husbandry.

"These investments will assist seafood enterprises to contribute to the ambitious growth targets we have set for our processing and aquaculture sectors. I expect to announce further grant offers under these schemes in the coming months."

The grant offers are made under five EMFF Schemes. For the processing sector, €3.4 million was awarded to 27 enterprises under the Seafood Capital Investment Scheme towards total investment of €19.4 million. These investments are projected to create 316 jobs by 2019 and additional sales of €77 million by 2019.

In addition, €157,000 was awarded to four enterprises under the Seafood Scaling and New Market Development Scheme towards total investment of €335,000 and €164,000 was awarded to eight enterprises under the Seafood Innovation and Business Planning Scheme towards total investment of €328,000.

For the aquaculture sector, €199,000 was awarded to four enterprises under the Knowledge Gateway Scheme towards total investment of €305,000, while €382,000 was awarded to eight enterprises under the Sustainable Aquaculture Scheme towards total investment of in excess of €1 million.

Further details of the schemes concerned are available at the BIM website HERE.

Published in Fishing
MacDara Conroy

About The Author

MacDara Conroy

Email The Author

MacDara Conroy is a contributor covering all things on the water, from boating and wildlife to science and business

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.

Direct Donation to Afloat button

Featured Sailing School

INSS sidebutton

Featured Clubs

dbsc mainbutton
Howth Yacht Club
Kinsale Yacht Club
National Yacht Club
Royal Cork Yacht Club
Royal Irish Yacht club
Royal Saint George Yacht Club

Featured Brokers

leinster sidebutton

Featured Webcams

Featured Car Brands

subaru sidebutton

Featured Associations

ISA sidebutton
ICRA
isora sidebutton

Featured Events 2020

Featured Chandleries

CHMarine Afloat logo
osm sidebutton
viking sidebutton

Featured Sailmakers

northsails sidebutton
uksails sidebutton

Featured Marinas

dlmarina sidebutton

Featured Blogs

W M Nixon - Sailing on Saturday
podcast sidebutton
mansfield sidebutton
BSB sidebutton
sellingboat sidebutton

Please show your support for Afloat by donating