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Browne announces €2.1million investment for eight companies under Seafood Processing Development Programme

Mr John Browne TD, Minister of State at the Department of Agriculture, Fisheries and Food, has approved grant aid assistance of €518,388 under the latest round of the Seafood Processing Development Programme to eight seafood processing companies around the country. The announcement brings the total amount of grant aid approved under the Programme to €8.2m representing an overall investment in the seafood sector of €35.8m since 2000 in respect of 51 companies.

The companies based in Cork, Wexford, Limerick, Donegal and Mayo are the latest to benefit from grant assistance under this Programme. "I attach great importance to the development of the seafood processing sector. Continued development in the sector will underpin economic activity in rural economies where alternative opportunities for employment are limited," said Minister Browne. He continued: "Investment in innovative and progressive seafood processing companies compliments other economic activities in rural communities such as farming and tourism and reflects importance of funding such as that approved by me today."

The latest projects are aimed at a range of developments such as increased production, enhanced product quality, technical innovation, optimum use of raw material and improving international competitiveness.

The grant aid is targeted at companies who meet the significant challenges of both the international and domestic markets. A vibrant and sustainable seafood sector is essential for community and economic development in coastal areas. The projects approved for funding involve developing new products and adding value to existing products.

The projects were assessed by The Processing Investment Projects Approvals Board (PIPAB), which includes representatives from BIM, Údarás na Gaeltachta, Enterprise Ireland, The Southern and Eastern Regional Assembly and The Border, Midland and Western Regional Assembly.

1 November 2007

County Applicant Grant Amount € Total Investment € Purpose
Donegal Bradan Proiseal Teoranta 118,838 475,351 Improve intaking of fish into the processing plant - grading machine
Cork Leemar Seafoods Ltd 39,575 158,300 Investment in plant to facilitate cooking and packaging of shellfish produce to add value to existing output
Cork Fastnet Mussels Ltd 46,925 187,700 Investment in machinery to increase efficiency and address customer requirements.
Cork/Mayo William Car & Sons Ltd 35,250 141,000 New cooking facilities with state-of-the-art chilling, cooking and pasteurisation line for shellfish
Cork Good Fish Processing (Carrigaline) Ltd 114,750 459,000 Plant and equipment to cater for increase in demand for a range of value added breaded products
Mayo Connemara Seafoods Frozen Ltd 75,000 300,000 Install upgraded facilities to maximise the use of and capacity of a production line for mussels
Wexford Sofrimar Ltd 25,000 100,000 The purchase and commissioning of a complete shrimp processing line
Limerick Rene Cusack Ltd 63,000 252,000 Develop new value added range of products and increase production capacity
TOTAL 518,338 2,073,351

Date Released: 01 November 2007