Ire­land wel­comes sec­tor growth

Fish Farmer - - News -

IRE­LAND’S seafood in­dus­try, in­clud­ing fish farm­ing, grew by 7.4 per cent, con­tribut­ing € 1.1 bil­lion in GDP to the Irish econ­omy, ac­cord­ing to BIM’s (Bord Ias­caigh Mhara’s) an­nual Busi­ness of Seafood re­port. Ti­tled ‘Win­ning in a Chang­ing En­vi­ron­ment’, the re­port says the big­gest driv­ers are new in­vest­ment and do­mes­tic sales, which were worth an es­ti­mated € 380 mil­lion. Fur­ther sig­nif­i­cant growth is be­ing pre­dicted.

BIM’s chief ex­ec­u­tive Jim O’Toole said: ‘We have a valu­able and sought af­ter raw ma­te­rial that is in great de­mand on our key mar­kets, con­tribut­ing € 376 mil­lion in fish land­ings alone,

€ 167 mil­lion in farmed fish and shell­fish, and em­ploy­ing 11,000 peo­ple in our coastal com­mu­ni­ties.’

The news comes as Ire­land’s In­de­pen­dent Aqua­cul­ture Li­cence Re­view Com­mit­tee is also look­ing at sub­stan­tial growth in the sec­tor.

The re­view com­mit­tee was set up by fish­eries min­is­ter Michael Creed who said: ‘Ire­land’s Na­tional Strate­gic Plan for Sus­tain­able Aqua­cul­ture De­vel­op­ment aims to sus­tain­ably grow our pro­duc­tion across all species by 45,000 tonnes.’

Above: Jim O’Toole

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.