IRELAND’S seafood processing industry received a €2.7 million boost today with the announcement by Fisheries Minister Simon Coveney of grant-aid to 18 companies under the 2015 Seafood Processing Business Investment Scheme.
Together with private sector investment, the total investment will be almost €9 million in 2015.
The supported projects are expected to deliver 145 jobs and €41 million in additional sales by 2017.
The grants are co-funded by the Department of Agriculture Food and the Marine and the European Fisheries Fund under the Seafood Development Programme.
Minister Coveney, in stressing the value of this grant-aid package to the seafood processing industry, said: ‘This investment of almost €9 million in 2015 will enable our innovative seafood processers to continue their strong growth trend over recent years that will see the sector continuing to grow sales internationally and grow employment in our coastal communities.
‘It will put the required technology, infrastructure and standards in place to allow these businesses to develop added value seafood products that are in great demand on the global market.
‘The Irish seafood processing industry generally, in line with government policy under the Food Harvest 2020 plan, has strong plans to significantly grow its business further in the years ahead.
‘I believe we can look forward with confidence to seeing the seafood processing sector continuing to be an integral part of the government’s policy to grow our indigenous seafood industry.’