Aquaculture for all

Aquaculture Capital Investment Scheme launched in Ireland

Fisheries Economics Policy +5 more

Two new schemes to support the Irish fisheries and aquaculture industry have been announced by Agricultural Minister Charlie McConalogue as part of a €258 million Seafood Development Programme.

Irish salmon farm
The schemes are part of Ireland's wider aquaculture development legislation

An Aquaculture Capital Investment Scheme is one of two new programmes announced this week by Charlie McConalogue, Minister for Agriculture, Food, and the Marine for the Republic of Ireland. The scheme, which was announced alongside a seafood training programme, are to be co-funded by the Government of Ireland and the EU under the European Maritime, Fisheries, and Aquaculture Fund (EMFAF).

The Aquaculture Capital Investment Scheme will provide grant aid to support capital investment in the aquaculture sector. These investments aim to enable the sustainable growth of aquaculture operators; encourage the entry into the sector of new aquaculture operators; and support the evolution of smaller operators, allowing them to scale-up, and boost their competitiveness. The Scheme is part of the Government's plan for the implementation of the National Strategic Plan for Sustainable Aquaculture Development.

The Seafood Training Scheme will provide assistance to those working in the sector who wish to develop their skills and knowledge through attendance at recognised training and education courses. It assists with costs associated with the training, such as exam fees.

“I am pleased to announce the launch of these two further schemes under EMFAF, the European Maritime, Fisheries and Aquaculture Fund. The aquaculture sector in Ireland is a significant contributor to national seafood production and food security,” McConalogue said, according to a press release.

“[These two schemes] provide the investment needed to support the resilience and sustainability of the seafood sector, both commercial and environmental. They will help to ensure that in the face of challenges such as climate change and ever-changing market conditions, the Irish seafood sector will continue to provide a high-quality product and remain competitive in a global market,” he concluded.

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