Kilmore Quay-based company Sofrimar has received €28,260 in grant funding from the European Maritime and Fisheries Fund Programme (EMFF).
The money will be used for the trial and rental of equipment for converting waste products to powder for use in horticulture and is part of national funding worth than €1 million to nine seafood processing companies.
Announcing the funding, Minister for Agriculture, Food and the Marine, Charlie McConalogue T.D., 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.
| UPDATED: 10:35, Fri, Mar 12, 2021
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Meanwhile a new survey has suggested the UK is now a more attractive destination for investors than it was before Brexit, dealing a massive blow to Rejoiners pushing for the UK to rejoin the bloc. Mr Sunak believes the UK is better equipped to regulate financial services, which contributed £76bn in tax receipts two years ago, than Brussels.
Marine Minister Addresses Inaugural Meeting of Seafood Sector Taskforce
10th March 2021
Minister for Agriculture Food and the Marine, Charlie McConalogue T.D.
The Minister for Agriculture Food and the Marine, Charlie McConalogue T.D., today addressed the inaugural meeting of the Seafood Sector Taskforce, established by the Minister to make recommendations on measures to mitigate the impacts on the Irish Fishing industry, and on the coastal communities that depend on fisheries, of the fish quota share reductions arising from the EU/UK Trade & Cooperation Agreement.
Addressing the Taskforce, Minister McConalogue said, “The outcome of the Trade and Cooperation Agreement will lead to a loss of €43 million per year in fish quotas for our fisheries sector, with knock-on effects on marine support industries and our coastal communities. The quota reductions in some of our most important stocks will be felt immediately by our fishing industry when the full annual EU quotas for 2021
Irish Fishing industry
The Irish Commercial Fishing Industry employs around 11,000 people in fishing, processing and ancillary services such as sales and marketing. The industry is worth about €1.22 billion annually to the Irish economy. Irish fisheries products are exported all over the world as far as Africa, Japan and China.
FAQs
Over 16,000 people are employed directly or indirectly around the coast, working on over 2,000 registered fishing vessels, in over 160 seafood processing businesses and in 278 aquaculture production units, according to the State s sea fisheries development body Bord Iascaigh Mhara (BIM).
All activities that are concerned with growing, catching, processing or transporting fish are part of the commercial fishing industry, the development of which is overseen by BIM. Recreational fishing, as in angling at sea or inland, is the responsibility of Inland Fisheries Ireland.
Press release
McConalogue announces â¬1 million in grants to support â¬4.9 million in new investments by eight seafood processing companies
The Minister for Agriculture, Food and the Marine, Charlie McConalogue T.D., today announced â¬4.9 million in new investment by eight seafood processing companies, with his departmentâs European Maritime and Fisheries Fund Programme providing grants of â¬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,
âI am very pleased to support these eight 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.â