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 are being implemented by BIM in line with DPER and EU eligibility requirements. Projects funded under BAR support schemes must be completed and paid before the end of 2023.

Fisheries

Seafood Processors

Fisheries/Aquaculture/Seafood Processors