The level of Ireland’s funding under the EU’s Common Fisheries Policy has been doubled, Minister of State Dinny McGinley has announced.
He was welcoming news that Ireland €148 is to be allocated to Ireland under the new CFP.
This compares to €70 in the last round of funding, Minister McGinley said.
“The impact of this additional funding will be felt in coastal communities around the country, and is extremely good news for Donegal,” he added.
Minister McGinley continued: “The figure of €148m is more than double what the country received in the last round of CFP funding, and is a reflection on the hard work that Minister Coveney and his officials have done in ensuring that a CFP was agreed which is beneficial to Ireland.”
The new CFP, he said is “a major overhaul of the way which fishing is carried out in EU waters, and will aid the long term sustainability of fish stocks and the whole industry.”
He welcomed measures to help fishermen “meet the challenges of the new discards ban” and supports for the seafood processing sector and sustainable aquaculture.
“I am confident that it will be of great benefit to the communities, of which we have many, such as Killybegs in Donegal, that depend on a vibrant seafood industry,” Minister McGinley concluded.