25.2 C
Accra
Monday, August 4, 2025
BusinessIrish government grants Donegal fishing industry €12 million

Date:

Irish government grants Donegal fishing industry €12 million

Two boats that fish in Killybegs to receive more than €12m (£10. 4m) in grants from the Irish government. This money is part of a larger €50m (£43. 3m) investment in the port.

The port in west Donegal is a very important place for fishing in Ireland.

The fishing industry in Ireland was greatly impacted by the Brexit agreement between the EU and the UK.

The government has created a fund with support from the EU to lessen some of the effects.

Gallagher Bros and Killybegs Seafoods, who sell fish, have received the most money from the program – a total of €12. 1m (£105m) They are using a total of €31m (£26. 8m)

Bord Iascaigh Mhara (BIM), the seafood development agency, explained that they are investing in Killybegs to make it a better place for fishing boats to bring their catch. This will help prevent the fish from being taken to other countries like the UK, mainland Europe, Norway, Iceland, and the Faroe Islands.

David Gallagher, who is a director at Gallagher Bros, stated that the funds will be used to buy new equipment so that we can automate our processing tasks and also enhance our energy efficiency.

“He said that we were going to upgrade our plans before Brexit happened, but then everything stopped. ”

The Brexit Process Capital Support Scheme grant from BIM gave us the boost we needed to be more bold.

“We feel really happy and enthusiastic about what lies ahead. “

[forminator_poll id="710479"]

Latest stories

“Don’t make me and Stonebwoy fight ooo”- Samini warn netizens

Veteran dancehall musician, Samini has warned netizens to resist...

Kanye West’s Heil Hitler song bans him from entering Australia

US rapper Kanye West has been banned from entering...

Agradaa describes moment shared with President Mahama heavenly – Agradaa

Evangelist Patricia Asiedua, popularly known as Agradaa, shared a...

Dada Joe Remix extradited to face romance scam charges in USA

Ghana’s nightlife mogul and alleged crypto kingpin, Nana Kojo...

Govt launches 24-Hour Economy policy today

The government's flagship, 24-Hour Economy Policy, will be launched...

GRA sets July 16 for GHS1 fuel levy implementation

The implementation of the new GHS1 Energy Sector Shortfall...

Related stories

Inflation projected to drop sharply to 16% in June – IC Research

An economic research firm, IC Research, has projected that...

COPEC predicts fuel price hike in July amid Israel-Iran tension

Fuel prices could increase in the first pricing window...

Agribusiness export policy to be launched in July– Trade Ministry

The government is set to launch a comprehensive agribusiness...

Prices of goods and services to drop further from July 1 – GNCCI CEO

The Chief Executive Officer of the Ghana National Chamber...