£248,000 EU Funding for Local Company
Belfast company, Duncrue Food Processors Ltd, is one of 13 Northern Ireland food and horticulture companies to benefit from £3.46 million in grant aid from the EU Agricultural Processing and Marketing Grant Scheme.
The edible fat rendering company has been awarded a grant of over £248,000 to install equipment that will allow it to develop a new product line from a by-product of its rendering process. The new product, dried greaves, will initially be sold to the pet food industry but hopes are high that a new market will also be found in the food industry,
The grant award was announced recently by the Agriculture Minister, Jeff Rooker, who said that the projects to be supported would foster innovation and capability development, and strengthen local supply chains in the agri-food sector.
The grant will help Duncrue Foods to increase its overall competitiveness by transforming a previously waste product into an income generating product line.
Maynard Mawhinney, Invest Northern Ireland’s Director of Food, says: “To compete successfully, agri-food companies need to invest in innovative new products and innovative marketing techniques.
“This grant will help Duncrue Foods to improve its capability and position it to increase sales by taking a market-led, customer focused approach, in keeping with the Food Strategy Report.”
The EU Agricultural Processing and Marketing Grant Scheme is designed to improve the economic performance and international competitiveness of the food processing sector. It is administered by the Department of Agriculture and Rural Development in conjunction with Invest NI and is part of the Northern Ireland Programme for Building Sustainable Prosperity.