The grant awards — under the European Maritime and Fisheries Fund (EMFF) Operational Programme for the seafood sector ad totalling €1,532,230 — will support total investment of €4,018,852 in the fisheries, aquaculture and seafood processing sectors.
These grants are co-funded by Government of Ireland and the European Union and subject to terms and conditions.
“It is very encouraging to see a continued increase in investment in aquaculture and these investments will positively contribute to our sustainable growth targets for the sector,” Minister Creed said on launching the latest grants. “ It is also reassuring to see our fisheries cooperatives continuing to invest to position themselves to handle unwanted catches under the new CFP discards ban.
“Investing in our seafood sector increases jobs in rural and coastal communities – a priority for this Government. Furthermore the development of the innovation and value added capacity of the sector is key to mitigating the potential impacts of Brexit.”
The news comes just days after Minister Creed announced €1.5 million in funding for more than 100 coastal-based projects under the EMFF, as previously reported on Afloat.ie.