Pádraig Mac Lochlainn (Donegal, Sinn Fein)
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254. To ask the Minister for Public Expenditure and Reform the overall amount of the Brexit Adjustment Reserve Fund for Ireland; the percentage of this to be allocated to the seafood sector in Ireland; and if he will make a statement on the matter. [42827/21]

Michael McGrath (Cork South Central, Fianna Fail)
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Ireland is expected to receive a total allocation of €1.065 billion in 2018 prices (equivalent to €1.165 billion in current prices) from the Brexit Adjustment Reserve (BAR), comprised of €991 million in pre-financing, and a further €74 million in 2025.  Expenditure under the Reserve must demonstrate a direct link to the negative impact of the withdrawal of the United Kingdom from the European Union.  The eligibility period for the Reserve runs from 1 January 2020 to 31 December 2023. 

The BAR Regulation requires that a minimum amount must be ring-fenced to support the fisheries sector, although that amount may be exceeded.  For Ireland, theminimum amount that must be ring-fenced is €56 million (2018 prices).  Details of BAR expenditure will announced in due course.