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Irish farmers and fishers will benefit from liquidity supports

Christian Fernsby ▼ | July 26, 2020
The Minister for Agriculture, Food and the Marine, Dara Calleary T.D., outlined the main elements of the July Stimulus which will benefit the agri-food and marine sector.
Minister Dara Calleary
Stimulus   Minister Dara Calleary
This is in addition to the range of specific supports already put in place for the sector as part of the Government’s economic response to Covid challenges:

Topics: Irish farm fish

An allocation of €50 million in Exchequer funding has been provided for the beef sector for a support scheme for beef finishing farms which have been severely impacted the details of which will be announced shortly.

Following a campaign by Member States, spear headed by Ireland, the European Commission introduced a scheme of aids to private storage under the CAP, which has been of benefit for the dairy sector in particular.

A coronavirus voluntary Temporary Fleet Tie up Scheme for fishing vessels is being implemented.

Various practical flexibilities for applications for the main farm schemes have been introduced.

The stimulus package also includes an increased capital allocation of €17 million to the Department of Agriculture, Food and the Marine for:

Howth Fishery Harbour Centre Middle Pier Redevelopment Project

additional allocation for onfarm renewable energy investments under the TAMs scheme;

investment in a large scale habitat restoration project by Coillte.