Minister: ‘Not a brown cent of Brexit fund will go to factories’

The Minister for Agriculture, Michael Creed, says “not a brown cent” of the new 100 million euro beef fund will go to beef factories.

The Beef Exceptional Aid Measure was announced on Monday and will provide financial aid to Irish beef farmers most affected by market volatility and uncertainty arising out of Brexit.

The new scheme will be funded by a combination of EU exceptional aid and Exchequer support and could potentially be worth up to €10,000 euro per farmer.

The scheme is optional and speaking earlier today on Ocean FM’s North West Today show, Minister Creed is encouraging everyone in the sector to apply for funding.

There are also a number of conditions that farmers will have to comply wiht in order for them to receive the funding from the scheme but the Minister feels it is reasonable.