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Minister Coveney launches new BIM 2013-2017 Strategy and announces €8 million in new investment this year in 25 Seafood Processing Companies

Irish Seafood Exports Increase by Over 20% in 2012

Simon Coveney , T.D, The Minister for Agriculture, Food and the Marine announced today  (Wednesday 17 July 2013) the award of €2.4 million in grant aid to 25 seafood processing companies under the 2013 Seafood Processing Business Investment Scheme.  Taken in conjunction with private sector investment the total investment will be over €8 million in 2013.  

Speaking at the announcement of the investments, Minister Coveney said:

“Processing is a high growth area in Ireland’s seafood sector and has successfully targeted new business opportunities in markets like China, Russia and Africa. Overall exports were valued at €517m in 2012, an increase of 20% on 2012. This €8 million investment by the industry represents a very significant funding commitment by processing companies and Government to the seafood sector and underpins the confidence of new joint venture partnerships which were significant contributors to the increase in the value of Irish seafood exports in 2012”.

The 25 companies receiving grant aid are from seven coastal counties across the country, namely Kerry, Dublin, Cork, Galway, Wexford, Mayo and Donegal.

The Minister said “The geographic spread of the companies receiving the grant aid is testament to the success of the Seafood Processing Business Investment Scheme and the innovative and creative developments happening in seafood generally”.

The Minister made the announcement of the new investments at the launch of BIM’s new strategy for the seafood sector 2013 – 2017. The strategy “Capturing Ireland’s share of the global seafood opportunity” sets targets for the creation of 1,200 additional jobs, aligned to a total sales value of €1 billion of which exports will form €650m by the end of 2017.

The Minister said “The Irish Seafood sector is currently in expansionary mode, it is a growth industry. I believe that through the type of investment supports and strategic plan announced today, the Government can assist Irish seafood processing companies to scale up, diversify further and innovate as they develop new markets, enhancing profitability and job creation prospects into the future.” 

 

Note for Editors

Today's announcement follows previous investment supported by the Scheme of €10 million in 2012 and €7 million in 2011.  Together these developments are setting a clear path to achievement of the potential of the seafood sector to create value added seafood products, as identified in Food Harvest 2020 and Action Plan for Jobs 2012.  The Food Harvest 2020 strategy targets revenue growth in the seafood sector as a whole of €300 million by 2020, with employment capable of increasing by 3,000 in that period.

The Seafood Processing Business Investment Scheme is implemented as part of the Irish Seafood Development Programme 2007-2013.  Grant aid is at a maximum rate of 20% for primary processing and 30% for secondary processing projects and is co-funded on a 50/50 basis by the Department of Agriculture, Food and the Marine and the European Fisheries Fund.  The Scheme is implemented by BIM and Údarás na Gaeltachta, with Enterprise Ireland assisting in commercial evaluation of proposals.  Successful projects are selected for grant aid by a selection board comprising the Department of Agriculture, Food and the Marine, BIM, Údarás na Gaeltachta, Enterprise Ireland, the Marine Institute, the South and East Regional Assembly and the BMW Regional Assembly

Eligible companies are seafood processing micro/ SMEs with premises approved by the SFPA. Eligible costs may include the purchase of new machinery and equipment and the construction, extension or modernisation of seafood processing enterprises. Scheme application forms are available from www.bim.ie.

 2013 Grants Approved under the Seafood Processing Business Investment Scheme

 

Company Name

County

Investment

Grant

     

 

Star Seafoods Ltd.

Kerry

       519,745

155,923

Kish Fish Ltd.

Dublin

       181,537

 54,461

Good Fish Processing (Carrigaline) Ltd.

Cork

       284,000

 85,200

Breizon Ltd

Galway

       89,900

 26,970

Atlantis Seafoods Wexford Ltd.

Wexford

      107,522

 32,257

Keohane Seafood Ltd

Cork

      853,530

256,059

Connemara Seafoods Frozen Ltd

Mayo

      134,640

 40,392

Normandy Ireland Ltd.

Cork

      102,847

 30,854

Dunns Seafare Ltd

Dublin

      353,000

105,900

Premier Fish Ltd.

Donegal

      160,000

 32,000

Kilmore Fish Co. Ltd

Wexford

      349,300

104,790

Island Seafoods Ltd.

Donegal

      119,000

 35,700

Arctic Fish Ltd

Donegal

      140,000

 42,000

Shellfish De La Mer

Cork

      550,747

165,224

Charlie Vial (Fish Merchant) Ltd

 Donegal

        84,658

 25,397

CSI Seafood Products Ltd.

Cork

      270,000

 81,000

Sofrimar Ltd

Wexford

      327,961

 98,388

William Carr & Sons Ltd

Cork

      268,895

 80,669

Rockabill Shellfish Ltd

 Dublin

      197,719

 59,316

Sean Ward Fish Exports Ltd.

 Donegal

      974,875

292,462

Oilean Mara Teo

Galway

      378,561

113,568

Proseail An Clochan Liath Teo.

 Donegal

        91,007

 27,302

Fastnet Mussels

 Cork

      518,050

155,415

Earagail Eisc Teo

 Donegal

      935,000

280,500

Cill Chiarian Eisc Teo       

Galway

        20,000

  6,000

     

 

TOTAL

 

    8,012,495

2,387,748

 

Date Released: 17 July 2013