The Government has allocated €13 million in increased funding to promote the” environmentally sustainable development” of the seafood industry.
Budget 2021 has approved total funding for the Irish sea fisheries Programme at €151 million.
Minister for Marine Charlie McConalogue welcomed the allocation, and said the fisheries, aquaculture and wider seafood sector “supports some 16,000 direct and indirect jobs in the coastal communities”.
Mr McConalogue also said the 2021 budgetary provision would allow the Marine Institute to progress the construction of a new €25 million modern research vessel.
The new 50-metre research ship – to replace the existing 31-metre Celtic Voyager which is over 21 years old – is being built in Spain, and will complement the existing 65 metre-long Celtic Explorer when it arrives around 2021.
Finance minister Paschal Donohoe has also approved additional funding for the development of fisheries harbours.
Coastguard funding
As Afloat reported earlier, some €108 million of funding will be invested in maritime transport and safety to ensure that the Irish Coast Guard can operate safely and effectively.
The building programme for the Irish Coast Guard is to be “ramped up”, with increased investment in safety-related training, equipment and systems.
Offshore islands
Some €2 million in additional funding for Irish islands has also been welcomed by Minister for Rural and Community Development Heather Humphreys.
The allocation for the offshore islands forms part of a 23 million euro “additional” investment in rural communities, she said.
The €3.4 billion recovery fund for an economy threatened by Covid-19 and Brexit includes up to €5,000 a week for businesses forced to close by Covid restrictions.
Payments will be made to businesses based on 10% of their first €1 million of turnover and 5% thereafter, subject to a maximum €5,000 for businesses which can demonstrate that their businesses have been impacted.
Mr Donohoe said this measure aimed to try and keep businesses afloat over the coming months.