I am advised by the Central Fisheries Board that the company referred to by the Deputy submitted a project proposal under the tourism angling measure of the Operational Programme for Tourism 1994-99.
Decisions regarding the funding of projects under the TAM are a matter for the TAM management committee having regard to the criteria applicable to the measure and in light of the available funding. Day-to-day administration of TAM is carried out by the TAM unit in the Central Fisheries Board.
The central board informs me that on 17 June 1999 the TAM management committee approved European Regional Development Fund grant aid up to a maximum of £50,000 for the acquisition of the fishing rights on the non-tidal section of the lower Caragh River and the project promoters accepted a letter of offer in December 1999. The rate of grant aid approved was 20% of the total eligible expenditure.