Under the National Development Plan an aquaculture development programme is being put in place to cover the period 1994-99. It is envisaged that total investment under the programme will comprise up to 50 per cent EU funding and at least 5 per cent national aid with the balance provided through private investment. The planned investment has the potential to generate more than 1,000 new permanent jobs in the aquaculture sector. A significant number of jobs will also be created downstream in added value processing and marketing and in the supplies and services area. Growth in output of the shellfish sector is the major objective of the programme.
The Operational Programme for aquaculture is awaiting the approval of the EU Commission which is expected very shortly. Pending that approval I am not in a position to give details of the grant aid available for the remainder of this and future years. The amount of grant aid will also, critically, depend on the number of eligible projects submitted and approved in each year of the plan.
The role of Exchequer funding is primarily to support and stimulate the pace of private investment as well as to maximise the drawdown of EU funding for the aquaculture sector. An acceleration of development will bring forward job creation and help us to meet the considerable market opportunities which exist for Irish aquaculture production. Support will also be geared to meeting the policy objectives of better quality and improved environmental and management practices.
In that context I can advise the Deputy that capital investment by the salmon farming industry in fallowing sites and other alternative sites and technologies will also be eligible for funding. Any such proposals put forward by the industry for support will be duly and sympathetically considered under the programme.