Michael Ring
Ceist:817 Mr. Ring asked the Minister for Communications, Marine and Natural Resources the grant assistance which is available to allow fishermen to develop their businesses. [16291/02]
Vol. 554 No. 5
817 Mr. Ring asked the Minister for Communications, Marine and Natural Resources the grant assistance which is available to allow fishermen to develop their businesses. [16291/02]
I am pleased to inform the house that support was announced in May 2002 for 38 new vessels under the fishing fleet development measure of the NDP which is administered under delegated authority by an Bord Iascaigh Mhara. The new vessel initiative involved a total investment of €56 million, including €15.7 million in grant aid. This is the largest single investment in the fishing sector since the foundation of the State.