Tag Archives: Brexit Adjustment Reserve
Fears Brexit will cause 1,200 job losses in Irish mackerel sector
Ireland’s mackerel sector will lose more than 1,200 jobs by 2030 because of Brexit, according to fishing industry representatives. The economic cost to the industry in lost revenue and impact on the local economy is also estimated to be more than €800m. This is according to an analysis of the impact of Brexit on the sector which predominantly centres around mackerel, blue whiting, and herring catches. In three years, from 2021 to the end of 2023, pelagic fishers will, for example, have lost a total of 37,508 tonnes of their mackerel quota, the amount the EU says they can catch. >click to read< 20:20
Call for Commission of Inquiry into How Irish Governments Managed Fishery Resource
Marine expert Dr Kevin Flannery has called for a commission of inquiry into how successive governments have managed Ireland’s fishing resource. In an Irish Independent feature on the impact of the 60 million euro whitefish fleet decommissioning scheme totalling 80 million euro including tax credits. Flannery also says people will drive around the west coast in a few years and wonder where all the Irish boats have gone. The decommissioning scheme aims to scrap 60 vessels, a third of the active whitefish fleet, at a time of growing concern over food security. It will be funded from the Brexit Adjustment Reserve to compensate for quota losses due to Brexit. >click to read< 08:12
Brussels approves plan to fund scrappage of trawlers
The European Commission’s plan to encourage some Irish trawler owners to scrap their fishing vessels has been described as “a necessary evil” by Irish fishing organisations. The commission has approved a €80 million Irish scheme that would help owners badly affected by the withdrawal of the United Kingdom from the European Union to quit the industry. In order to qualify for the grant, which will be calculated on the gross tonnage of the fishing vessel, owners will not only have to stop fishing, but also to surrender their licence and scrap their boats. Some of the grants will have to shared with trawler crews, and crews will also be able to claim some tax reliefs. >click to read< 07:29
