The Government is strongly committed to the sustainable development of the aquaculture industry which offers important economic opportunities for coastal regions. This commitment has been given concrete expression by the inclusion of aquaculture as a distinct investment measure in the EU fisheries operational programme 1994-1999.
Investment in aquaculture under the programme will help to protect existing employment and production, facilitate continued expansion and generate new jobs and economic activity both on farm sites and onshore operations.
Fanad Fisheries is a major player within the sector and makes a very significant contribution to jobs and economic activity in County Donegal. The company has a worldwide quality reputation and I am supportive of its plans to underpin its present operations and achieve incremental expansion. I understand that Fanad has drawn up a comprehensive environmental impact statement in relation to the company's application for additional fallowing and production sites which will be the subject of consultation with all relevant interests.