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€1.8m Aquaculture & Seafood Processing Grants Awarded

5th March 2017
Over €1.8 million in grants to 19 seafood enterprises under the European Maritime and Fisheries Fund (EMFF) Over €1.8 million in grants to 19 seafood enterprises under the European Maritime and Fisheries Fund (EMFF)

Minister for Agriculture Food and the Marine, Michael Creed T.D. today announced the award of over €1.8 million in grants to 19 seafood enterprises under the European Maritime and Fisheries Fund (EMFF) Operational Programme for the seafood sector. The grants are co-funded by the Exchequer and the EMFF.

Minister Creed said, “Against the Brexit backdrop and its potential implications for our food exports, I am particularly pleased to see so many seafood enterprises continuing to invest in growing their production, developing new consumer products and growing and diversifying markets, something I witnessed first hand during my recent Trade Mission to the Gulf States. My Department’s EMFF seafood development programme is providing a suite of 3 development schemes for our seafood processing sector that aim to incentivize seafood innovation and new product development, support capital investment in state of the art equipment to add value to raw material and to give processors the tools to diversify and develop their export markets. In this first of a series of grant approvals for 2017, grant aid of almost €900,000 has been awarded to 7 seafood processors supporting in excess of €3 million in value adding capital investment, while grant aid of €824,000 has been awarded to 8 aquaculture enterprises supporting capital investment of €2.8 million that will directly contribute to growing output from these farms in the coming years and help achieve the ambitious sustainable growth targets we have set for our aquaculture sector”.

Minister Creed added, “I have provided Bord Iascaigh Mhara (BIM) with €26 million of EMFF funds in 2017 and I expect to announce many more awards as the year progresses”

Beneficiary

County

Total Investment

Grant Approved

Dunns Seafare Ltd.

Dublin

€522,176

€148,726

Seafood Processors Ltd.

Louth

€72,968

€21,890

Keohane Seafoods Ltd.

Cork

€77,426

€23,227

Bio-Marine Ingredients Ireland Ltd.

Monaghan

€1,799,821

€510,000

Sofrimar Ltd.

Wexford

€375,780

€112,734

Shellfish De La Mer

Cork

€179,730

€53,919

Albatross Seafoods Ltd.

Donegal

€66,000

€14,100

TOTAL

 

€3,093,901

€884,596

 Grant approvals - Seafood Scaling & New Market Development Scheme

Beneficiary

County

Total Investment

Grant Approved

Connemara Producers Group

Mayo / Galway

€114,022

€57,011

TOTAL

 

€114,022

€57,011

Grant approvals - Seafood Innovation & Business Planning Scheme

Beneficiary

County

Total Investment

Grant Approved

Ocean Farm Ltd.

Donegal

€19,070

€9,535

Atlantis Seafoods

Wexford

€16,300

€8,150

Kish Fish Company

Dublin

€20,700

€10,350

Bio-Marine Ingredients Ireland Ltd.

Monaghan

€25,000

€12,500

Keohane Seafoods Ltd.

Cork

€40,000

€20,000

TOTAL

 

€121,070

€60,535

Grant approvals - Sustainable Aquaculture Scheme

Beneficiary

County

Total Investment

Grant Approved

Bells Isle Seafoods Ltd

Donegal

€400,753

€160,301

Blackshell Farm Ltd

Mayo

€101,942

€40,776

Comhlucht Iascaireacht Fanad Teo

Donegal

€1,057,145

€317,143*

Feirm Farraige Oilean Chliara Teo

Donegal

€923,161

€276,948*

Huitre Du Connemara

Louth

€61,825

€24,730

Michael Lydon

Galway

€74,440

€29,776

Mannin Seafoods Ltd

Cork

€31,885

€12,754

Atlantic Maritime Ltd

Mayo

€139,470

€55,788

TOTAL

 

€2,790,621

€824,125

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