Tuesday, 15 October 2019
Department of Agriculture, Food and the Marine
489. To ask the Minister for Agriculture, Food and the Marine the monetary amount that will be made up of each of the financial instruments, equity, loans and grant aid in tabular form following the announcement in budget 2020 of a first tranche of no-deal Brexit supports totalling €110 million; the monetary amount that will be made up of these financial instruments for each of the sectors identified, beef sector, fishing fleet and food companies wishing to re-orient production and marketing towards non-UK markets, and support to other sectors to improve competitiveness; and the total euro amount of the €110 million fund that will be ring-fenced to farmers and fishermen, respectively. [42185/19]
The following table sets out the distribution of the first wave of exchequer funding to be provided through my Department in the event of a No Deal Brexit.The detailed specifications of relevant schemes are still under consideration, but it is envisaged that the supports will be in the form of grants or direct payments (i.e. not equity, loans or financial instruments).
|€85m||Beef farmers||First phase of a Market Support and Adjustment Aid: supports for farmers finishing cattle for slaughter|
|€14m||Fisheries||First phase of a tie-up scheme for the most affected vessels|
|€6m||Other livestock farmers and mushrooms sector||Additional investment aid to improve competitiveness and increase environmental efficiency for these primary sectors|
|€5m*||Food and drinks processing industry||First phase of a Food Transformation capital investment scheme for large and SME food companies for product and market innovation; and additional supports for innovation in the prepared consumer foods and drinks sectors|