As the parent Department of the Marine Institute, the funding provided by my Department provides for the current and capital costs of the Marine Institute to enable it to perform its core functions which includes research and data collection underpinning the Common Fisheries Policy, co-coordinating, promoting and assisting in marine research and development and providing such services related to marine research and development that facilitate marine economic development while protecting the marine environment.
The current annual funding allocation provided by my Department and the estimated cost of increasing this budget by 10% and 20% is as follows;
-
|
2023 Allocation
|
10% Increase
|
20% Increase
|
Exchequer
|
€42,058,00
|
€46,263,800
|
€50,469,600
|
EMFF/EMFAF*
|
€4,659,000
|
€5,124,900
|
€5,590,800
|
Total
|
€46,717,000
|
€51,388,700
|
€56,060,400
|
*EMFF: European Maritime and Fisheries Fund. EMFAF: European Maritime, Fisheries and Aquaculture Fund.
The Marine Institute also receives funding from other Departments and entities in respect of specific projects, which it carries out alongside its core functions where resourcing allows, however, this funding varies from year-to-year.