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Sustainable Growth Initiative for Seafood Processing Industry in Ireland

This initiative aims to boost the seafood processing sector in Ireland, supporting SMEs to increase sales, expand exports, create jobs, and enhance training opportunities. The focus areas include market expansion, raw material supply enhancement, and fostering growth in key export markets. With a total investment of €40 million, it is projected to attract approximately €100 million in sector investments, leading to significant economic and employment benefits.

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Sustainable Growth Initiative for Seafood Processing Industry in Ireland

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  1. Union Priority 5 Processing and MarketingTom Scanlon BIM

  2. Processing and MarketingContext • 164 Seafood Processing Companies (SME) • Total Sales €850m (2014) • Exports €520m (2014) • 2860 FTE • Key export markets include France, Great Britain, Spain, Germany, Italy and Nigeria. • Emerging Markets = China / Far East

  3. BIM Strategy / Targets (2017)Consistent with Food Harvest 2020 • 1,200 jobs created • Sales Value €1 billion, of which exports €650 million & domestic €350 million • 8,000 training places delivered • Expand raw material supply by +45,000 tonnes • 4 companies with a turnover of +€50 million

  4. Needs Analysis for UP 5 Marketing & Processing

  5. Proposed Supporting ActionsTotal investment €40m leveraging investment of circa €100m into the sector

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