In the face of Brexit and a significant reduction in Total Allowable Catches (TAC) for the Irish fishing industry, Albatross Seafoods has proactively reevaluated its business strategy. This proactive approach has led to strategic investments in advanced equipment, enabling our company not only to navigate these challenges but also to thrive. Our commitment to sustainable growth and efficient use of Irish landed fish is reflected in these investments, aimed at reducing our environmental footprint.
We are pleased to announce our active participation in the 2023 Brexit Processing Capital Support Scheme. This initiative, funded by the European Union’s Brexit Adjustment Reserve Scheme and supported by Bord Iascaigh Mhara, has been instrumental in facilitating our investment in Tier 1: Transformational Processing Equipment. This support has empowered us to process higher value-added products, marking a significant step forward in our journey toward sustainability and innovation in the seafood industry.