Updated: 07/09/17 : 11:02:28
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Aquaculture funding for Sligo company announced

Fine Gael TD for Sligo – Leitrim has welcomed a Government grant for a local aquaculture company in Sligo which was announced this week.

Armada Shellfish Company Ltd, based in Sligo is to receive €53,843 towards a total investment of €134,609 to help it to increase its oyster farm production.

Deputy McLoughlin said: “I want to thank Minister Michael Creed for this very welcome grant aid today for this Sligo company. I am sure the company will keep on growing into the future and continue to offer high quality and locally produced produce from the Northwest. 

“This funding announcement today is part of a €240 million investment over six years in the industry nationally.

 “I welcome the continued and increasing level of capital investment in our aquaculture sector which will underpin our ambitions to significantly grow our production in the coming years.

“Fine Gael is committed to creating a Republic of Opportunity through rewarding work and encouraging enterprise and ensuring that all parts of Ireland share prosperity and economic growth.”

Minister for Agriculture, Food and the Marine, Michael Creed, said: “The grants are made under the EMFF Sustainable Aquaculture Scheme and EMFF Knowledge Gateway Scheme.  Both schemes remain open for new applications. These grant awards contribute to the Action Plan for Rural Development.

“I am delighted to see recent efforts by my Department and BIM to encourage our third level institutions to become involved in the research agenda for the sector coming to fruition with three of our best third level institutions receiving approval for applied research to assist our sector in innovating and developing new technical knowledge to support the sustainable growth of the sector, together with two further industry research projects.”