BUSINESS

Louth business Morgans Fine Fish receive €221,250 in EU Funding

Tia Clarke

Reporter:

Tia Clarke

Email:

tia.clarke@dundalkdemocrat.ie

Louth business Morgans Fine Fish receive €221,250 in EU Funding

Omeath business Morgans Fine Fish have completed of an investment project with a total investment of €1.0 million. The project was part funded by the Irish Government and the European Maritime and Fisheries Fund under the Seafood Capital Investment Scheme and was administered by Bord Iascaigh Mhara (BIM), Ireland’s Seafood Development Agency.

A spokesperson for Morgans Fine Fish said: "This investment is a significant boost for our business and also our community in North Louth and border areas. The funding we have received from BIM through the European Maritime Fisheries Fund will enable us to target European market and increase our production capacity significantly. We are proud to employ 80 people in our Business in Louth and Cork, and with this additional investment, we are looking forward to growing our business further over the next 5 years." 

Morgans Fine Fish are one of a number of companies that will receive funding under the European Maritime Fisheries Fund (EMFF) in 2018. 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.