Killybegs benefits from €50m seafood sector investment

Bord Iascaigh Mhara said that several companies are currently undergoing substantial developments which will modernise seafood processing facilities and add cutting-edge energy efficiency initiatives.

The scheme, implemented by BIM, was recommended by the Seafood Taskforce established by Minister for Agriculture, Food and the Marine, Charlie McConalogue. Funded by the European Union under the Brexit Adjustment Reserve , the Brexit Process Capital Support Scheme will deliver up to €45m in funding to the Irish seafood sector.

She noted that the Brexit Process Capital Support Scheme is helping fish processors with transformational change, and building more environmentally friendly, sustainable and competitive enterprises. Managing Director of Killybegs Seafoods, John McGuinness, said the company's total investment is part of a long-term strategy to ensure sustainability of the business, and to maintain employment in the Killybegs region.

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