The Brexit Adjustment Reserve Fund

The Brexit Adjustment Reserve (BAR) fund aims to provide financial support to the Member States, regions and sectors most affected by Brexit to deal with the adverse economic, social, territorial and, where appropriate, environmental consequences. Ireland, as the Member State most affected, has received a significant allocation of over €1 billion, or just over 20% of the entire Reserve.

The Designated Body for managing and deciding on the Reserve in Ireland is the Department of Public Expenditure and Reform (DPER) and it is co-ordinating Ireland’s overall policy position on the BAR. The eligibility criteria set by the EU to qualify expenditure under the Reserve are stringent, and any proposed expenditure must demonstrate a direct link to negative impacts arising from Brexit.

In its report in October 2021, the Seafood Taskforce made sixteen recommendations to leverage BAR funding to support the seafood sector and coastal communities respond to the challenges posed by Brexit. Report of the Seafood Taskforce 

Based on these recommendations, under the oversight of the Department of Agriculture, Food and Marine (DAFM) a number of support schemes were implemented by BIM in line with DPER and EU eligibility requirements. A ‘Summary of Payments’ is given in the table below. Individual support scheme payment details, by county / beneficiary, are located under ‘Summary of Payments’ table.

Brexit Adjustment Reserve - Summary of Payments

Scheme Name

No. of Grantees

2022 Paid

(€)

2023 Paid

(€)

2024 Paid

(€)

Total Paid

(€)

Brexit Processing Capital Support Scheme 44 29,576,446 855,436 30,431,882
Brexit Blue Economy Enterprise Development Scheme 303 13,184,708 246,109 13,430,817
Brexit Sustainable Aquaculture Growth Scheme 73 182,762 4,052,510 74,708 4,309,980
Brexit Inshore Business Model Adjustment Scheme 833 2,688,600 2,437,000 5,105,600
Brexit Temporary Fleet Tie-up Scheme 149 27,935,700 923,000 28,858,900
Brexit Fisheries Co-operatives Transition Scheme 4 402,916 1,227,815 78,931 1,709,663
Brexit Voluntary Permanent Cessation Scheme 32 59,312,818 59,312,818
Brexit Off-Register Capacity Buy-out Scheme  21 2,580,057 2,580,057 
Brexit Process Liquidity Scheme  37 6,990,962 6,990,962  
Brexit Pelagic Liquidity Scheme  45 24,940,105 24,940,105  
Brexit Scallop Liquidity Scheme  5 264,000 288,000 552,000 
Total 1,546 31,189,978 134,489,622 1,543,184 178,222,784

 

Click here for county breakdown 

Payment Breakdown by scheme:

Scheme Information / Objectives

Fisheries

Aquaculture

Seafood Processors

Fisheries/Aquaculture/Seafood Processors

BIM STAGING
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