20/07/2012

Investment Helps Armagh Firm Hatch A Bright Future

Agriculture and Rural Development Minister Michelle O’Neill has highlighted the role that the Processing and Marketing Grant Scheme (PMG) was playing to help grow the local agri food sector.

Under the PMG Scheme, which opens again towards the end of the year, financial support up to £0.5million can be provided for capital investment in buildings and plant and equipment for business working in the agri food processing sector.

The Minister was speaking as she visited County Armagh business R Thompson & Son (Armagh) Ltd (Farmlay Eggs) to see at first-hand how investment assisted by the scheme has helped this family owned business improve efficiency and quality.

Farmlay Eggs were awarded £0.5million under the PMG Scheme towards the purchase and installation of new modern egg packing and grading equipment costing over £1million.

The Minister said: "The aim of the PMG Scheme is to help the processing sector to develop and remain competitive in the market place. The first awards under the current Scheme were made in 2008 and to date funding of £12.5million has been approved to 50 projects across the north. This investment has been and will continue to be essential in helping to grow future our already flourishing agri food sector.

"The funding awarded to Farmlay Eggs is an excellent example of how my Department can work with companies to help them invest in new plant and equipment that will improve efficiencies and quality. This business has strong links with local egg producers and this investment will help secure the growth of this long established family business and its farmer suppliers."

(CD)

Related Northern Ireland Business News Stories
Click here for the latest headlines.

15 March 2024
Mums At Work: Entrepreneurs To Share Journey & Expertise
A whole host of local entrepreneurs are set to take to the stage at the Mums At Work Elevate Your Business event later this month.
11 July 2018
New Funding Call Under Rural Business Investment Scheme
GROW South Antrim has announced the opening of a new funding call under the Rural Business Investment scheme, which is expected to be the final call for Business funding under the current Rural Development Programme (2014-2020).
10 November 2015
Call For Rural Businesses To Prepare For Opening Of Investment Scheme
Rural businesses and communities are being encouraged to apply and prepare in advance for the launch of the Rural Business Investment Scheme. Rural Development Minister Michelle O'Neill was speaking at a Rural Business Investment Seminar in Aghagallon, Lurgan on Monday.
22 March 2024
11 Administrative Challenges Facing Small Businesses
In today's rapidly evolving business landscape, small businesses are facing an unprecedented array of challenges. From navigating the complexities of technology and compliance to fostering meaningful customer relationships and managing a dispersed workforce, the hurdles can seem insurmountable.
21 December 2016
DAERA Launch £1m Business Investment Scheme
The Department of Agriculture, Environment and Rural Affairs have announced a £1 million Business Investment Scheme, which aims to create jobs and stimulate economic growth in Ards and North Down The Business Investment Scheme, which is one of the strands of the Department's LEADER Rural Development Programme, will assist those in Ards and North Do