4. Impact of Funding DEFINITION Score How essential is the Programme funding to enable the company to undertake the project(s)? and How consistent is the project with National objectives / targets for the sector. Project is highly unlikely to proceed without grant aid High 5 And Project directly addresses National development objectives / targets Project is unlikely to proceed without grant aid Medium 3 And / Or Is generally in line with National development objectives / targets Grant aid will act as a catalyst in for project implementation Low 1 and Project is vaguely consistent with National development objectives / targets 5. Employment Creation/Maintenance DEFINITION Score The impact on Employment Creation/Maintenance should be assessed. Rate as follows:- The project will have a significant impact on the creation of 5 new jobs and maintenance of existing employment at a relatively reasonable cost per job The project will contribute to some new job creation and 4 maintenance at a relatively higher cost The project involves minimal new job creation but will 3 underpin the commercial viability of existing employment The project has minimal impact on new job creation or 0 maintenance 6. Impact on Sustainability DEFINITION Score In this context sustainability is viewed as having three components: Environmental, Socio-Economic and Economic. This is in line with the widely accepted Bruntland definition of sustainability. The project will have a strongly beneficial effect from a High 5 sustainability standpoint. The project will have moderately beneficial effect from a Medium 4 sustainability standpoint.
4. Impact of Funding DEFINITION Score How essential is the Programme funding to enable the company to undertake the project(s)? and How consistent is the project with National objectives / targets for the sector. Project is highly unlikely to proceed without grant aid And Project directly addresses National development objectives / targets High 5 Project is unlikely to proceed without grant aid And / Or Is generally in line with National development objectives / targets Medium 3 Grant aid will act as a catalyst in for project implementation and Project is vaguely consistent with National development objectives / targets Low 1 5. Employment Creation/Maintenance DEFINITION Score The impact on Employment Creation/Maintenance should be assessed. Rate as follows:- The project will have a significant impact on the creation of new jobs and maintenance of existing employment at a relatively reasonable cost per job 5 The project will contribute to some new job creation and maintenance at a relatively higher cost 4 The project involves minimal new job creation but will underpin the commercial viability of existing employment 3 The project has minimal impact on new job creation or maintenance 0 6. Impact on Sustainability DEFINITION Score In this context sustainability is viewed as having three components: Environmental, Socio-Economic and Economic. This is in line with the widely accepted Bruntland definition of sustainability. The project will have a strongly beneficial effect from a sustainability standpoint. High 5 The project will have moderately beneficial effect from a sustainability standpoint. Medium 4
SustainableAquacultureScheme250118.docx