Killybegs is to benefit from a total €50 million investment to futureproof the region’s fish processing sector as well as maintaining and increasing jobs.
Several companies are currently undergoing substantial developments which will modernise seafood processing facilities and add cutting-edge energy efficiency initiatives, according to Bord Iascaigh Mhara.
Gallagher Brothers Fishing Limited and Killybegs Seafoods are both making sustainable investments with support from the the Brexit Process Capital Support Scheme.
They have been allocated a shared total of €12.1 million and spending a total of €31 million.
The scheme, implemented by BIM, was recommended by the Seafood Taskforce established by Minister for Agriculture, Food and the Marine, Charlie McConalogue T.D.
The major investment hopes to attract more fishing vessels to land and discharge catch that might otherwise go to the UK, mainland Europe, Norway, Iceland and the Faroe Islands.
Anne Gallagher, Director of Gallagher Brothers Fish Merchants, said recently they have had to close down factories and the investment is a welcomed step forward:
