Albatross Seafoods August 2017 Press Release

ALBATROSS SEAFOODS Receives €8400 in EU Funding to Develop Seafood Business

Albatross Seafoods announced today 01 August 2017, the completion of an investment project on Salmon pinbone remover  with a total investment of €28000. 00.  The project was part funded by the Irish Government and the European Maritime and Fisheries Fund under the Seafood Processing Business Investment Scheme and was administered by Bord Iascaigh Mhara (BIM), Ireland’s Seafood Development Agency.

‘This investment is a significant boost for our business. The funding we have received from BIM through the European Maritime Fisheries Fund will enable us to increase production by 20 % and expand our business.  We are proud to employ 30 people in Co Donegal, and with this additional investment, we are looking forward to growing over business further over the next 5 years….’

Albatross Seafoods are one of a number of companies that will receive funding under the European Maritime Fisheries Fund (EMFF) in 2017. The overall funding programme which runs from 2014-2020 was adopted by the European Commission in December 2015 and launched in January 2016 by the Minister for Agriculture Food and the Marine.  The Programme provides €240m in funding to the seafood sector (fisheries, aquaculture and seafood processing) over the period 2014 to 2020. The Programme is co-funded by the Exchequer and the EU.

Bord Iascaigh Mhara (BIM), the Irish Sea Fisheries Board is the Irish State agency with responsibility for developing the Irish Sea Fishing and Aquaculture industries. BIM provides commercially relevant and innovative services to the Irish seafood industry that drive growth opportunities, add value, enhance competitiveness and create jobs in a sustainable, natural resource based industry for the benefit of coastal communities.

The EMFF Operational Programme, administered by the Department of Agriculture Food and Marine (DAFM) in conjuncton with BIM, provides a suite of three development Measures for the Irish seafood sector.  The Seafood Innovation and Business Planning Measure aims to incentivise seafood innovation and new product development and assist the sector with business planning, environmental management and energy efficiency.  The Seafood Capital Investment Scheme supports capital investment in state of the art equipment to produce value added seafood products thus maximising the return from raw materials.  The Seafood Scaling and New Market Development Scheme gives processors the tools to diversify and develop their export markets and encourages cooperation in the sector to improve route to market structures.

Under the Aquaculture Development Measure  two Schemes are available to the aquaculture sector to help achieve the aims of the National Strategic Plan for Sustainable Aquaculture Development.  The Plan is seeking to sustainably grow production by 45,000 tonnes.  The Sustainable Aquaculture Scheme supports capital investment by licensed aquaculture enterprises to sustainably grow production and reduce environmental impact of aquaculture.  The Knowledge Gateway Scheme promotes and supports innovation, technological development and disease management in the aquaculture sector.

The Fleet Development Measure provides support to the Irish Fishing Sector via a number of grant aid schemes designed to support the sustainable development of wild marine fisheries.


For further information on Albatross Seafoods Ltd, please click here to contact us or alternatively call  0749731674.


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