report impact brexit quota Brexit Blue Economy Enterprise Scheme

Minister Charlie McConalogue has announced an update on the Brexit Blue Economy Enterprise Scheme

McConalogue announces extension to claims for payment deadline for approved projects under the Brexit Blue Economy Enterprise Scheme

The Minister for Agriculture, Food and the Marine, Charlie McConalogue today announced that projects approved for funding under the Brexit Adjustment Reserve Blue Economy Enterprise Scheme now have until 30 October to submit their claims for payment under the scheme. 

This scheme, which has a budget of €25 million, aims to counter the adverse economic and social consequences of the withdrawal of the United Kingdom from the European Union on businesses operating in the blue economy and located in communities within 10km of the coastline.

The Minister said: “Our rural coastal communities are key to our seafood sector and the blue economy is key to Ireland’s coastal communities. This scheme – the Brexit Blue Economy Enterprise Scheme – is the largest ever of its kind in Ireland and it is designed to stimulate growth in our rural coastal communities by supporting blue economy initiatives across a range of activities. By extending the claim deadline for projects approved under this scheme, I am working with BIM to maximise the time available to these projects to submit their claims in order to ensure the budget for this scheme is used to its fullest potential, representing, as it does, the largest amount of funding available for the support of our coastal communities.”  

Delivered through the existing Fisheries Local Action Group structure, the scheme promotes innovative approaches that provide the impetus to reinvigorate coastal communities by allowing them to restructure, reconfigure, retrain, and diversify post-Brexit via:

  • Supporting diversification and entrepreneurial initiatives in the blue economy by fostering start-up businesses and facilitating existing business to diversify, add-value and grow employment in communities that are within 10km of the coastline
  • Providing business mentoring and capacity development to businesses engaged with or are intent in operating within the blue economy
  • Supporting upskilling and training to exploit economic opportunities that complement existing or new activities within the blue economy
  • Fostering partnerships that develop innovative solutions that deliver for coastal livelihoods
  • Promoting sustainable solutions within the scope of the blue economy that empower and enable the development and delivery of activities and services to improve sustainability and adapt to climate change

The Scheme is administered by Bord Iascaigh Mhara and further details are available from BIM at BIM – The Brexit Adjustment Reserve Fund.


Source: Press Release

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