Irish aquaculture, processing firms get €6.5m in funding

Irish aquaculture, processing firms get €6.5m in funding

May 14, 2019 0 By admin
Aquaculture farm in Ireland. Credit: shutterupeire/

Ireland has announced the award of €2.37 million ($2.7m) in grants to 17 seafood enterprises under the government’s allocation of European Maritime and Fisheries Fund (EMFF) spending, reports Afloat.

The grant awards will support total investment in these companies of €6.47m within the aquaculture and seafood processing sectors.

“I am delighted to say that, despite uncertainties created by Brexit over the past two years, there is still strong confidence in our seafood sector about its future growth prospects,” said Ireland’s minister for agriculture, food and the marine, Michael Creed.

“The 17 seafood enterprises that are investing €6.5m this year with assistance from the department of agriculture, food and the marine’s [EMFF] supported program are evidence of that strong confidence in the sector and the government is supporting that confidence.”

These companies are seizing the market opportunities that are there in abundance for Irish seafood products, he said. “This is particularly true for companies like Keohane Seafoods from Cork, which is undertaking a major €3m investment to double its salmon production capacity at its plant in Bantry.”

Seafood companies in Cork, Kerry, Clare, Galway, Mayo, Donegal, Louth and Monaghan are being supported to drive the development of their companies with innovation and technological development, thereby creating further added value for Irish products, he said.