Oireachtas Joint and Select Committees

Tuesday, 4 November 2025

Joint Oireachtas Committee on Fisheries and Maritime Affairs

Aquaculture Innovation and Development: Discussion

2:00 am

Photo of David MaxwellDavid Maxwell (Cavan-Monaghan, Fine Gael)

I welcome the representatives from BIM. From the opening statement, we would think all was rosy in the garden and that there were only a few problems. That is different to what we are hearing at the meeting. If someone went to the bank and said they were thinking of starting an aquaculture business and needed the money but that it could take up to 20 years to get licence, there is not a financial institution in the world that would tell someone to work away, give them the money and put it on hold for 20 years. What is BIM's view on the shambles of trying to get a licence? How will we build an aquaculture business? What young person would want to invest? If Mr. O'Sullivan has children, what young person in his part of the country would say they would take it on with all the hassle? If they were 25 years of age, they would be nearly at retirement age before they would get the next licence. This is what it comes down to. I have only picked Mr. O'Sullivan as an example because he is here. What is the view of BIM on this?

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