Fishing boats could get more than €10m not to fish

Ireland had to agree to give the UK about 15% of its quota as part of the post-Brexit EU-UK Trade and Cooperation Agreement. File picture: Larry Cummins

More than €10m could be paid over the coming year to Irish fishers to tie up up their boats and not go to sea.

Representatives claim the industry can no longer sustain itself at its current levels after quotas on how much fish can be caught in Irish waters were slashed.