EU Commission commits fisheries funding

Karmenu Vella: Karmenu Vella: "Today we have taken another step to secure a bright future for fishing communities and aquaculture business in Europe"
Industry Database

The European Commission has committed investment packages for the maritime, fisheries and aquaculture sectors of Denmark, Estonia, Germany and Sweden, to help promote sustainable growth.

The Commission will commit €267.6m, including €208.4m of EU funds for Denmark; €129.6m, including €101m of EU funds for Estonia; €284.6m, including €219.6m of EU funds for Germany; and €172.9m, including €120.2m of EU funds for Sweden.

"Today we have taken another step to secure a bright future for fishing communities and aquaculture business in Europe,” said Karmenu Vella, Commissioner for the Environment, Maritime Affairs and Fisheries.

The operational programmes (OPs) have been adopted under the European Maritime and Fisheries Fund (EMFF) to promote resource-efficient, innovative, competitive and knowledge-based fisheries and aquaculture, and are fully in line with the EU's common fisheries policy (CFP).

“The investment under these programmes will make fisheries and aquaculture more economically, socially and environmentally sustainable. This means more resource efficiency, more innovation and more opportunities for jobs and growth,” Mr Vella added.  

In particular, investment will support projects that promote sustainable aquaculture and fisheries – for example reduction of unwanted catches – and projects that improve the competitiveness of those sectors, like innovation, processing and marketing.

A significant part of the budget will also be used to support the implementation of the CFP through the collection of fish stock and other marine data as well as various measures to control fishing activities.

The latest adoption round raises the total number of adopted OPs to 13. Outstanding OPs will be adopted by the end of 2015.

The investment is available for the period 2014-2020.

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