Pictured at the launch of the Teagasc Annual Report & Accounts for 2019 were Professor Gerry Boyle, director Teagasc and Liam Herlihy, chairman of the Teagasc Authority. (Photo: O'Gorman Photography)

Speaking following the release of the Teagasc Annual Report and Accounts for 2019, chairman of the Teagasc Authority, Liam Herlihy said that the highlights in 2019 included a €10m investment in Moorepark Technology Limited (MTL) by Teagasc and industry stakeholders, which has provided state-of-the-art pilot plant facilities for food companies to utilise.

A further €10m investment in the National Food Innovation Hub in Teagasc Moorepark commenced in 2019 and has progressed through 2020.

“Both of these initiatives will assist food companies to adapt to and meet the needs of an ever-changing consumer.

“Together with a similar investment in the National Prepared Consumer Food Centre at Teagasc Ashtown, Teagasc is enabling the food sector to be ‘Brexit ready,'” Mr Herlihy said.

State Grant-in-Aid for Current Operations of €130.373m and for Capital purposes of €5.32m was received in 2019.

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