Bio-marine Ingredients Ireland Ltd receives €510,000 in EU Funding to Develop Seafood Business
Bio-marine Ingredients Ireland Ltd (BII) announced today, 17th November 2017, the completion of an investment project on its Seafood Value-Adding Process with a total investment of €1.7m. The project was part-funded by the Irish Government and the European Maritime and Fisheries Fund under the Capital Investment Scheme and was administered by Bord Iascaigh Mhara (BIM), Ireland’s Seafood Development Agency.
BII CEO, Jason Whooley, termed the investment “a significant boost for our business. The funding for plant equipment we have received from BIM through the European Maritime Fisheries Fund will enable us to target the human nutrition market. To succeed in this market, it is crucial to deliver a high-quality product, with high repeatability and consistency and thus optimum plant equipment is vital in order to produce the highest quality product at minimum cost”.
BII currently employ 15 people at its Lough Egish facility in Monaghan. The company is 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.
For further information on Bio-marine Ingredients Ireland Ltd., please visit our website www.biomarine.ie or contact us on +353-42-974 5541.