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Minister Coughlan Announces New Round Of Capital Investment Funding For Marketing And Processing Of Agricultural Products

Mary Coughlan T.D., Minister for Agriculture, Fisheries and Food, today announced that applications are being invited for grant aid under the Department's Capital Investment Scheme for the marketing and processing of certain agricultural products. An advertisement outlining the details of the Scheme will appear in the national press on Tuesday 18th of December and will also be available on the Department's website. The closing date for applications is Friday 15th February 2008.

Applications will be invited from: (i) Livestock Marts; (ii) Small Slaughterhouses and Low throughput Meat establishments and (iii) Fruit and Vegetable processors and preparers. Grant aid of up to 40% is available and applications will be subject to a competitive assessment and selection process. A maximum grant ceiling may be fixed for individual projects.

Minister Coughlan stated that the investments seeking grant aid will be required to demonstrate improved efficiencies, added value, market outlets and contribute to enhanced quality and food safety. "The Scheme has made a positive contribution to the competitiveness of the industry and to sustaining rural communities. I am confident that this round of funding will stimulate significant investment in the sectors concerned".

17 December, 2007

Date Released: 17 December 2007