15/01/2016

€240 Development Fund Announced For Seafood Sector

A €240 million Development Programme has been announced for Ireland's seafood sector by Minister for Agriculture, Food and the Marine, Simon Coveney.

Minister Coveney also launched eight schemes to commence implementation of the new €240 million EMFF Seafood Development Programme for the period up to 2020 and beyond, co-funded by the Exchequer and European Maritime and Fisheries Fund.

Announcing the launch of the Programme Minister Coveney said: "This new Operational Programme more than doubles the amount of development funding for our seafood sector and will be the source of development funding for Ireland’s seafood sector for at least the next 6 years to 2021. It will be the tool to implement the new Common Fisheries Policy, to deliver on FoodWise 2025 for the seafood sector and to deliver the National Strategic Plan for Sustainable Aquaculture Development."

Minister Coveney launched the first suite of eight schemes to implement the new Programme.

"I am delighted to announce today an integrated range of new schemes to drive the development of the fisheries, aquaculture and seafood processing sectors over the next 6 years," the Minister said.

"Perhaps the most important thing this new Seafood Development Programme will do in the years ahead is to strengthen our seafood sector and support the implementation of the new CFP, and in particular the landing obligation, thereby ensuring the future of our industry. I am allocating €67 million in total support to the sea fishing sector through this Programme and €45 million of this will go towards implementing the CFP.  A key element of that will be a new €16m Sustainable Fisheries Scheme which I am announcing today.

"This new scheme will support the fishing fleet in making the adjustments necessary to reduce, to the maximum extent possible, unwanted catch or undersized fish and to make new investments on board the vessels and on shore to assist the industry in moving to a more sustainable and secure future." 

(MH/CD)

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