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Displaying items by tag: Irish Seafood Processing companies

Sean Connick TD, Minister of State at the Department of Agriculture, Fisheries and Food today announced €1.13 million in grant-aid for Irish Seafood Processing companies under the Seafood Processing Business Development Scheme, and a further €623,620 for aquaculture companies under the Commercial Aquaculture Development Scheme. This represents a total investment of €1.75 million in 15 seafood processing and aquaculture projects.  Both schemes form part of the Seafood National Programme 2007-2013, funded under the National Development Plan 2007-2013. Development of both of these areas, seafood processing and aquaculture, are key elements in the recently published 2020 Food Harvest Report.

The Seafood Processing Business Development Scheme is aimed at SME’s who have solid business plans focused on adding value to Irish seafood products on both domestic and overseas markets. The qualifying projects all exemplify dynamic ideas in new product development and innovation.  Grant-assistance of up to 25% on capital expenditure required for the production of value added products and for improvements in processes and quality beyond legislative requirements is being provided.

The Commercial Aquaculture Development Scheme is aimed at assisting fish and shellfish farmers to invest in their businesses.  The approved projects are examples of companies that are looking to improve their efficiency through technology transfer and have a strong focus on quality, matched with the demands of the market. The measure provides for grant aid of up to 40% of eligible capital expenditure.

 

Company Name

Eligible Expenditure

Grant Approved €

 

Seafood Processing Business Investment Scheme 2010

 

Chillchiaran Eisc Teo.

46,860

11,715

Connemara Seafood Frozen Ltd.

184,000

46,000

De Brun Iasc Teo.

16,500

4,125

Earagail Eisc Teo.

517,000

129,250

Fastnet Mussels Ltd.

225,000

56,250

Keohane Seafood Ltd.

181,000

45,250

O Cathain Iasc Teo.

294,000

73,500

Sean Ward(Fish Exports) Ltd.

1,923,000

480,750

Sofrimar Ltd.

1,133,000

283,250

 

 

 

Total

4,520,360

1,130,090

 

 

 

Commercial Aquaculture Development Scheme

 

 

 

Sliogéisc na Rossan Teo.

299,400

119,760

Feirm Mara Oilean Acla Teo

280,000

112,000

IDAS Limited

73,630

29,452

Goatsbridge Trout Farm Limited

637,000

254,800

Fastnet Mussels Limited

29,500

11,800

Curraun Blue Limited

239,520

95,808

 

 

 

Total

1,559,050

623,620

Published in Fishing

About Foyle Port

Foyle Port, located in the North West region of Northern Ireland, is estimated to handle around 2 million tonnes of cargo per year, with a trade value of approximately £1 billion. The port plays a crucial role in facilitating the import of essential agri-products, supporting around 20,000 farms in the region, as well as various local business sectors such as fuel/oil and construction industries. The organisation supports an estimated 1000 direct and indirect jobs.

Originally located in the bustling heart of Derry City, the Commissioners relocated the port to its current deep-water location at Lisahally in 1993. The terminal boasts an impressive 440 metres of quay and can accommodate large vessels of up to 62,000 DWT. Foyle Port is primarily a bulk port and a significant importer of essential commodities such as oil, coal, animal feed, fertiliser, and plywood, all of which are vital for the North West rural region.

Since 2003, the organisation has experienced significant growth, doubling both turnover and profit and attracting approximately £100 million of inward investment to the region. This investment has supported projects, including a fertiliser plant, an oil tank farm, and a biomass power station.

Established by Act of Parliament in 1854, the Londonderry Port & Harbour Commissioners is an independent statutory authority with a duty to develop, maintain and operate to the highest standards of efficiency, financial prudence, environmental awareness, safety, and security. The Port is independent of the Government and is self-financing. All financial surpluses are reinvested in the business for the benefit of future generations of stakeholders.