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Seafood Processing Business Investment Scheme

Dáil Éireann Debate, Wednesday - 18 September 2013

Wednesday, 18 September 2013

Questions (1173)

Andrew Doyle

Question:

1173. Deputy Andrew Doyle asked the Minister for Agriculture, Food and the Marine if he will outline details on the 2013 Seafood Processing Business Investment Scheme; if he will detail in tabular form, the amount of funding provided on a county-by-county basis; and if he will make a statement on the matter. [37381/13]

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Written answers

This is an exciting time for the seafood processing sector, with enormous potential for growth and expansion. Since 2011, seafood exports have grown by €138 million, an impressive increase of 36%. Bord Iascaigh Mhara has reported that during that period processing companies who have benefitted from Government grant-aid through the Seafood Processing Business Investment Scheme have generated 251 new jobs in the sector and prospects are positive for jobs and growth into the future. This year, the sector continues to perform well, with exports up by almost 4% as of May and the home market continues to counter the recession, growing by approximately 2% retail sales to mid-year.

I am committed to supporting the seafood processing sector in any way I can to help it in achieving its significant potential. The sector is one of the star performers in our food industry and can make an important contribution to our economic recovery. Already this year, I have made available €2.4 million in grant aid to 25 seafood processing companies under the 2013 Seafood Processing Business Investment Scheme. Taken in conjunction with private sector investment, the total investment will be over €8 million in 2013. The 25 companies that received grant offers were from seven coastal counties across the country, namely Kerry, Dublin, Cork, Galway, Wexford, Mayo and Donegal.

The Seafood Processing Business Investment Scheme is implemented as part of my Department’s Seafood Development Programme 2007-2013 and is co-funded by the European Fisheries Fund. The Scheme aims to support seafood processing companies scale up, diversify, add value to raw material and innovate as they develop new markets, enhancing profitability and job creation prospects into the future. The Scheme provides grant aid of up to 30% for value adding projects.

The table sets out details of the grants approved in 2013.

2013 Grants Approved under the Seafood Processing Business Investment Scheme

Company Name

County

Investment

Grant

Fastnet Mussels

Cork

518,050

155,415

Good Fish Processing (Carrigaline) Ltd.

Cork

284,000

85,200

Keohane Seafood Ltd

Cork

853,530

256,059

Normandy Ireland Ltd.

Cork

102,847

30,854

Shellfish De La Mer

Cork

550,747

165,224

CSI Seafood Products Ltd.

Cork

270,000

81,000

William Carr & Sons Ltd

Cork

268,895

80,669

Total Cork

2,848,069

576,698

Charlie Vial (Fish Merchant) Ltd

Donegal

84,658

25,397

Sean Ward Fish Exports Ltd.

Donegal

974,875

292,462

Proseail An Clochan Liath Teo.

Donegal

91,007

27,302

Earagail Eisc Teo

Donegal

935,000

280,500

Premier Fish Ltd.

Donegal

160,000

32,000

Island Seafoods Ltd.

Donegal

119,000

35,700

Arctic Fish Ltd

Donegal

140,000

42,000

Total Donegal

2,504,540

572,962

Kish Fish Ltd.

Dublin

181,537

54,461

Dunns Seafare Ltd

Dublin

353,000

105,900

Rockabill Shellfish Ltd

Dublin

197,719

59,316

Total Dublin

732,256

105,900

Breizon Ltd

Galway

89,900

26,970

Oilean Mara Teo

Galway

378,561

113,568

Cill Chiarian Eisc Teo

Galway

20,000

6,000

Total Galway

488,461

113,568

Star Seafoods Ltd.

Kerry

519,745

155,923

Total Kerry

519,745

155,923

Connemara Seafoods Frozen Ltd

Mayo

134,640

40,392

Total Mayo

134,640

40,392

Atlantis Seafoods Wexford Ltd.

Wexford

107,522

32,257

Kilmore Fish Co. Ltd

Wexford

349,300

104,790

Sofrimar Ltd

Wexford

327,961

98,388

Total Wexford

784,783

104,790

TOTAL

8,012,495

2,387,748

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