I propose to take Questions Nos. 233 to 237, inclusive, together.
EU and Exchequer funding totalling £12.26 million is being provided to support an estimated total investment of £30 million in aquaculture under the Operational Programme for Fisheries, 1994-99. The total investment approved in five tranches to the end of 1997 under the aquaculture measure amounts to some £18.66 million. Certified expenditure to the end of 1997 is £8.34 million. The balance of £10.32 million is being certified systematically as the required invoices and documentation is submitted by beneficiaries to Bord Iascaigh Mhara. The remaining planned investment of some £7.21 million will be considered for approval in further tranches to be announced during 1998 and 1999.
The amount of EU funds approved for aquaculture projects up to the end of 1997 was IR£6.6 million involving 73 projects, 63 companies. In addition BIM, in the period January 1994 to December 1997, has approved grant aid totalling £1,062,000 to 126 companies in respect of 161 projects, under its aquaculture pilot projects scheme.
The aquaculture measure of the Operational Programme for Fisheries makes provision for the creation of 1,310 jobs and the maintenance of existing jobs in the industry. These jobs, located for the most part in coastal rural communities with few alternative employment prospects, make a worthwhile contribution to the economic and social wellbeing of those communities. The number of jobs to be created in projects already approved for EU grant assistance is 234 full-time and 204 part-time at an EU grant cost per full-time equivalent job of £19,780.