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McConalogue announces €1 million in grants to support €4.9 million in new investments by nine seafood processing companies

The Minister for Agriculture, Food and the Marine, Charlie McConalogue T.D., today announced €4.9 million in new investment by nine seafood processing companies, with his department’s European Maritime and Fisheries Fund Programme providing grants of €1,011,184. The grants are co-funded by the Government of Ireland and the European Union and are subject to terms and conditions.

Announcing the grants, Minister McConalogue said,

“I am very pleased to support these nine seafood enterprises to further grow their business. These are particularly challenging times with both Covid and Brexit impacting on markets and the ongoing capital investment by our seafood sector is evidence of its resilience and its optimism for future growth prospects.”

Minister McConalogue added,

“My Department’s European Maritime and Fisheries Fund Programme has provided in excess of €230 million over the past seven years to support the sustainable growth of our seafood sector. A new Seafood Development Programme for the 2021-27 period is presently being drafted and I expect it to commence later this year.”

Note to Editors:

Ireland’s EMFF Operational Programme 2014-2020 was adopted by the European Commission in December 2015. 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.

The EMFF Seafood Processing Capital Investment Scheme provides up to 30% aid to seafood processing premises to encourage capital investment in value-adding production capacity. The EMFF Seafood Innovation & Business Planning Scheme provides aid of up to 50% to seafood processing enterprises to foster innovation in new product development and to support business planning.

Grant approvals - Seafood Processing Capital Investment Scheme

Beneficiary

County

Project Description

Total Investment

Grant

Good Fish Processing Ltd

Cork

Management Information system

€140,759

€42,228

Castletownbere Fishermens Co-operative Society Ltd

Cork

Spiral freezer, deheading machine and associated works

€859,157

€257,747

Nicky’s Plaice Ltd

Dublin

Ice Machine and Pin Boner Investment

€41,000

€9,900

Kerry Fish (Ire) Unlimited Company

Kerry

Reconfiguration of High Care department and purchase of automated smoked salmon slicing line.

€723,746

€185,775

Dundalk Bay Seafoods Ltd

Louth

Investment in Efficient & Environmentally Friendly Retail Production Line

€64,700

€19,410

Senahoek Trading Ltd

Cork

Construction of factory including Cold Store

€2,989,091

€448,364

Total:

   

€4,818,453

€963,424

Grant approvals – Seafood Processing Innovation Scheme

Beneficiary

Location

Project Description

Total Investment

Grant

Goatsbridge Fish Processors Ltd

Kilkenny

Business Strategy – Advisory services enhancing financial planning and company structure in Ireland and UK

€39,000

€19,500

Sofrimar Unlimited Company

Wexford

Trials and rental of equipment for converting waste products to powder for use in horticulture.

€56,520

€28,260

Total:

   

€95,520

€47,760

ENDS

Initial Publication Date: 
Friday, 19 February, 2021