Jim Daly (Cork South West, Fine Gael)
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Question 10: To ask the Minister for Agriculture; Food and the Marine the initiatives included in Budget 2012 in order to retain and create jobs within coastal communities with particular regard to deep-sea fish farming; and if he will make a statement on the matter. [38948/11]

Shane McEntee (Meath East, Fine Gael)
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BIM has been tasked to work with the Marine Institute to investigate suitable sites for the development of finfish aquaculture in deeper waters outside NATURA 2000 sites. This process of investigation is taking place at no extra cost to the State. It is expected that BIM will submit a licence application for a suitable site early in 2012 and if granted, will source a major commercial investor to develop the site.

This initiative will serve to develop finfish farming to a sustainable commercial level while maintaining the highest protection for the environment. It is estimated that just one of these production areas could generate 350 direct jobs while a further 150 jobs will be created indirectly in the service sector. BIM is also exploring other areas off the west coast for suitable sites.

Jim Daly (Cork South West, Fine Gael)
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I thank the Minister of State and I welcome his commitment to this important project. I commend the actions and efforts of BIM and the Marine Institute in the development of the project. It is very encouraging that State agencies are working together in harmony and productively. I note the entrepreneurial spirit, which is not always present.

This project offers significant potential and I am aware of the site in Galway. It is hoped to apply for a licence in January. This one site offers the potential to double the country's quota of salmon production. A number of other sites are being actively investigated. The Minister, Deputy Coveney, has been passionate in his enthusiasm for this project. I am from Clonakilty and I am well aware of BIM's efforts and work on this project. I commend all concerned. I have no further questions as I am satisfied with the reply.