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Minister Wallace announces €380,000 in Capital Investment Grants for the Mushroom Sector in Meath

Mary Wallace T.D., Minister of State at the Department of Agriculture and Food, today announced awards of grant aid totalling over €380,000 in respect of 2 Mushroom enterprises in County Meath under the Department's Capital Investment Scheme for the marketing and processing of certain agricultural products. The awards involve investment of over €1million in marketing and processing facilities in the County. Grant aid of 35% of approved eligible costs is being provided.

Minister Wallace stated that the National Development Plan 2000-2006 provides a range of support measures for the food industry. The awards announced today bring the total aid approved under the Department's Capital Investment initiative to €43 million in respect of 116 projects, of which €9 million is in respect of 32 projects in the Horticulture sector.

"The Horticulture sector makes an important contribution to the economic well-being of County Meath and I am delighted, therefore, that the sector has been prioritised by the Government as a potential growth area in value and volume terms. The pre-pack and chilled produce ranges in particular have provided wider market opportunities in recent times. These awards will assist in improving and upgrading the processing and marketing facilities in the enterprises concerned and will enhance competitiveness and assist in ensuring quality and food safety," Minister Wallace added.

Details of the projects being grant aided in Co. Meath are attached.

Beneficiary Product Description of Project Grant Approved
The Gourmet Mushroom Co.,
Rathfeigh Farm, Tara,
Co. Meath
Mushrooms Extension of packhouse and installation of associated equipment. 240,358
Gold Shield Products, Cortown, Kells, Co. Meath Mushrooms Development of a temperature controlled packhouse with refrigerated storage 139,935
Total 380,293

27 February, 2006

Date Released: 27 February 2006