Simon Coveney , Irish Minister for Agriculture, Food and the Marine has announced that €2.4m in grant aid will go to 25 seafood processing companies under the 2013 Seafood Processing Business Investment Scheme.

In conjunction with private sector investment, the total investment will be over €8m in 2013.

The 25 companies receiving grant aid are from seven coastal counties across the country, namely Kerry, Dublin, Cork, Galway, Wexford, Mayo and Donegal.

The Minister made the announcement of the new investments at the launch of BIM’s new strategy for the seafood sector 2013-2017. The strategy ‘Capturing Ireland’s share of the global seafood opportunity’ sets targets for the creation of 1,200 additional jobs, aligned to a total sales value of €1 billion of which exports will form €650m by the end of 2017.