The Irish pelagic sector has received a much-needed boost with the announcement of over €25m in EU aid. The Irish Fish Producers Organisation (IFPO) has welcomed the news, stating that it is an important “first step” in addressing the massive losses the fishing sector sustained due to Brexit.
According to IFPO chief executive, Aodh O Donnell, the quota transfers from Ireland to the UK post-Brexit created an estimated loss of €28 a year to the Irish fishing industry. The pelagic sector was the hardest hit, and this aid scheme is a welcome first measure in compensating the fleet for this massive loss.
Mr O Donnell confirmed that the scheme has been in the pipeline for some time, and that Marine Minister Charlie McConalogue had made a commitment to introduce it. The State aid scheme will be fully funded by the European Commission and take the form of direct grants to fishing vessels.
While this is a positive development, Mr O Donnell emphasised that the Irish Government needs to collaborate with the fishing industry, coastal communities and the EU to reverse the decline in the seafood sector.
Other EU and non-EU members in Europe are achieving growth, and it’s time for Ireland to support growth too. Building the capacity for sustainable growth with a modern fleet, a skilled workforce and efficient regulatory processes is crucial for the future of the sector.