Blog: McConalogue announces €45 million Brexit Seafood Processing Capital Support Scheme –

In its report in October 2021, the Seafood Taskforce made sixteen recommendations to leverage BAR funding to support the seafood sector and coastal communities respond to the challenges posed by Brexit. Report of the Seafood Task Force – Navigating Change
In respect of the Seafood Processing Sector it stated: “The Task Force recommends facilitating substantial investment in seafood processing enterprises to support greater utilisation of raw material, improved efficiency, developing new offerings, demonstrating quality and sustainability as well as building capability and innovation through people and processes. The investment will provide temporarily increased graduated grant aid rates, between 30-50%, during the period of BAR funding, to provide an immediate stimulus to overcome some of the constraints arising from Brexit. It is recommended that the graduated rates should reflect the level of added value.”

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