€685,904 investment in Cork aquaculture

Cork Senator and member of the joint Oireachtas committee for Agriculture, Food and Marine, Tim Lombard, has welcomed Government EMFF grants of €381,342 towards a total €685,904 investment in 4 of our local aquaculture companies.

Cormorant Mussel Ltd is to receive €22,928 towards a total investment of €57,321 for the introduction of a continuous rope mussel system; Seal Harbour Enterprises Ltd is to receive €21,469 (total investment of €53,674) for the upgrade of mooring system and engine; Bantry Bay Premium Seafoods is to receive €20,000 (total investment of €40,000) to develop microwavable product for the French retail market; and Castletownbere Fishermens Co-operative Society Ltd is to receive €296,945 (total investment of €494,909) for landing obligation infrastructure, as well as €20,000 (total investment of €40,000) for developing an oven ready product for the Spanish market.

Senator Lombard said: “I want to thank my colleague Minister Michael Creed for this very welcome grant aid for our local aquaculture companies, which are so critical to the sustainability of Cork’s economy.

“Fine Gael believes the marine economy can be a major contributing factor to new growth in an overall Irish economic context and we will prioritise the sector accordingly.

“This recent funding is part of a €240m investment over six years in the industry nationally.

“The continued and increasing level of capital investment in our aquaculture sector will underpin our ambitions to significantly grow our production in the coming years, which is of course good news for those working in the seafood sector here in Cork.”

Minister for Agriculture, Food and the Marine, Michael Creed, said: “I am delighted to announce a further tranche of grant awards to 20 seafood enterprises that will support a €4m of investment in fisheries, aquaculture and seafood processing.

“It is very encouraging to see a continued increase in investment in aquaculture and these investments will positively contribute to our sustainable growth targets for the sector.  It is also reassuring to see our fisheries cooperatives continuing to invest to position themselves to handle unwanted catches under the new Common Fisheries Policy discards ban,” the Fine Gael Minister said.

 

24 July 2018

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