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Creed announces €6.5m investments in 17 aquaculture and seafood processing companies

On 11 May 2019 Minister for Agriculture Food and the Marine, Michael Creed T.D. announced the award of €2,369,801 in grants to 17 seafood enterprises in 9 different counties under his Department’s European Maritime and Fisheries Fund Operational Programme for the seafood sector. The grant awards will support total investment in these companies of €6,472,909 in the aquaculture and seafood processing sectors. 

Minister Creed said, “I am delighted to say that, despite uncertainties created by Brexit over the past 2 years, there is still strong confidence in our seafood sector about its future growth prospects.  The 17 seafood enterprises that are investing €6.5 million this year with assistance from the Department of Agriculture , Food and the Marine’s European Maritime and Fisheries Fund supported Programme 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 quality Irish seafood products.  This is particularly true for companies like Keohane Seafoods from Cork, which is undertaking a major €3 million investment to double its salmon production capacity at its plant in Bantry.”

Creed added, “My Department is assisting ambitious seafood enterprises with many exciting growth projects through generous EMFF financial supports, available through BIM for seafood enterprises to grow their output, add value to their products and develop and diversify their markets worldwide. In this announcement, Seafood companies in Cork, Kerry, Clare, Galway, Mayo, Donegal, Louth and Monaghan are being supported to drive forward the development of their companies with innovation and technological development, thereby creating further value-added from our high quality primary seafood products”.

The grants are co-funded by the Government of Ireland and the European Union and are subject to terms and conditions.

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Note to Editors

Ireland’s EMFF Operational Programme 2014-2020 was adopted by the European Commission in December 2015 and launched in January 2016 by the Minister for Agriculture Food and the Marine.  The Programme provides €240m in funding to the seafood sector (fisheries, aquaculture and seafood processing) over the period 2014 to 2020. The Programme is co-funded by the Government of Ireland and the European Union.

Two support schemes are available to the aquaculture sector to help achieve the aims of the National Strategic Plan for Sustainable Aquaculture Development.  The Plan is seeking to sustainably grow production by 45,000 tonnes.  The Sustainable Aquaculture Scheme supports capital investment by licensed aquaculture enterprises to sustainably grow production and reduce environmental impact of aquaculture.  The Knowledge Gateway Scheme promotes and supports innovation, technological development and disease management in the aquaculture sector.

Three support schemes are available to the seafood processing sector to foster and support innovation, value-adding, new market development and investment in new equipment and premises. The Seafood Processing Capital Investment Scheme provides up to 30% aid to seafood processing premises to encourage capital investment in value-adding production capacity.  The Seafood Scaling & New Market Development Scheme provides up to 50% aid to groups of seafood processing enterprises who work together to develop new export exports.  The Seafood Innovation & Business Planning Scheme provides aid of up to 50% to seafood processing enterprises to foster innovation in new product development. 

Bord Iascaigh Mhara has been provided with €21.6 million of EMFF funds in 2019 to disperse to the seafood sector.

Grant approvals - Sustainable Aquaculture Scheme

Beneficiary

Location

Project

Total Investment €

EMFF Grant €

Bantry Mussels Harbour Limited

Bantry Cork

Upgrade of boat’s engine room with twin keel cooled engines and a 3 phase generator.

162,068

64,827

Curraun Fisheries Limited

Mulranny Mayo

Modernisation of salmon farm management systems.

187,808

75,123

Ocean Farm Limited

Killybegs Donegal

Upgrade of salmon farm technology.

1,175,202

470,081

Top Oysters Limited

Cromane Kerry

Purchase of a flat bottom boat and oyster production equipment

93,532

37,413

Michael Lydon

Galway

Upgrade to continuous longline system

45,099

18,039

Atlantic Greenway Oysters Ltd

Westport Mayo

Capacity increase of oyster farm

40,553

16,221

Caragh Clams Limited

Cromane Kerry

Fourth phase development of oyster farm

24,428

9,771

Cromane Seafoods Limited

Cromane Kerry

Purchase of a flat bottom boat and oyster trestles

88,752

35,500.88

Hugh O'Malley

Achill Island Mayo

Capacity increase in oyster production & new equipment purchase

81,021

32,408

TOTAL

 

 

1,898,463

759,383

  

 Grant approvals – Knowledge Gateway Scheme

Beneficiary

Location

Project

Total

Investment €

EMFF Grant €

Institute of Technology Tralee

Tralee Kerry

Development of an Oyster Farm Management System & Data Warehousing Solution

318,001

318,001

  

Grant approvals - Seafood Processing Capital Investment Scheme

Beneficiary

Location

Project

Total

Investment €

EMFF Grant €

Seafood Processors Ltd

Omeath

Co Louth

Upgrade of pre-pack fish line

16,344

4,903

Keohane Seafoods Unlimited

Bantry

Co Cork

Machinery & System Processing for Smoking Plant and Salmon Line

3,000,000

900,000.00

Bio-marine Ingredients Ireland Ltd

Castleblayney

Co Monaghan

Installation of Odour Abatement System to reduce the impact on the environment and to lead to new and improved products

529,975

79,496

Castletownbere Fishermens Co-operative Society Ltd

Castletownbere Co Cork

Develop an oven ready Megrim product for the Spanish Market

236,118

70,835

TOTAL

 

 

3,782,437

1,055,234

 

Grant approvals - Seafood Innovation & Business Planning Scheme

Beneficiary

County

Project

Total Investment €

EMFF Grant €

Breizon Teo

Rossaveel

Co Galway

R & D Project to Pack Irish Prawns for French Market

10,009

5,004

Bio-marine Ingredients Ireland Ltd

Castleblayney

Co Monaghan

Comparison of Proteins in terms of functionalities

13,916

6,958

Keohane Seafoods Unlimited

Bantry

Co Cork

Advisory Services to enhance management systems

39,600

19,800

TOTAL

 

 

63,525

31,762

 

Grant approvals – Seafood Scaling & New Market Development Scheme

Beneficiary

Location

Project

Total Investment €

EMFF Grant €

Jade Ireland Seafood Ltd

Sofrimar Kilmore Quay Co Wexford

McBride Fishing Downings Co Donegal

Shellfish Ireland Castletownbere Co Cork

Development of China, Hong Kong & Taiwan Markets

209,700.00

104,850.00

Connemara Producers Group

Connemara Seafoods Frozen Ltd Westport Co Mayo

Oilean Mara Teo. Lettermore Co Galway

Market development in Asia

201,143.00

100,571.00

TOTAL

 

 

410,843.00

205,421.00

 

ENDS

 

Dáta Foilsithe: 
Saturday, 11 Bealtaine, 2019