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Commercial Fishing

IRELAND ANNOUNCES FISHERIES BUDGET

IRELAND ANNOUNCES FISHERIES BUDGET (1)

Ireland announces fisheries budget. Ireland’s Minister for Agriculture, Food and the Marine, Charlie McConalogue TD, today announced details of his Department’s 2022 Budget. The estimates provide a gross vote of €1.858 billion for the Department. This is in addition to almost €1.2 billion in EU funded direct payments received annually to support farm incomes and reward good agricultural and environmental practices.

Further funding will be made available to the Fisheries and Agri-Food sectors in 2022 through the Brexit Adjustment Reserve (BAR). Key features of the budget include:

  • €157 million for fisheries and coastal communities that depend on fishing
  • €4m for the establishment of a Food Ombudsman’s Office
  • Ongoing access to flexible loan schemes through the Strategic Banking Corporation of Ireland for farmers, fishers and food and drink SMEs

Minister McConalogue said:

“I am satisfied that the combination of direct financial supports and taxation reliefs in this budget, together with the supports to be provided under the Brexit Adjustment Reserve in the very near future, will provide a good, balanced package of measures for farmers, fishers, coastal communities and the food sector in 2022. I look forward to working closely with Ministers Hackett and Heydon to in the pursuit of these objectives in 2022.”

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