UK and Faroe Islands reach 2024 fishing agreement

These arrangements build on the shared ambition of both the UK and Faroe Islands to build a sustainable and profitable fishing industry.

“I’m pleased that we have been able to reach a deal with the Faroe Islands for 2024, giving UK fishing vessels access to key stocks such as haddock and saithe,” said Mark Spencer, Fisheries Minister.

“This builds on the strong deals that the UK has already concluded with the EU and Norway for 2024, negotiating as an independent coastal state to support a profitable and sustainable UK fishing industry, while safeguarding our marine environment for future generations.”

Big benefits

The full agreement will see fisherman benefit from 920 tonnes of cod and haddock, 600 tonnes of saithe, as well as Redfish, blue ling and ling, flatfish and other species.

The agreement reconfirms the UK and Faroese commitments to cooperate on monitoring, control and surveillance measures, as well as scientific cooperation.

It follows the conclusion of negotiations with the EU and Norway before Christmas, which gave the UK fishing industry access to 420,000 tonnes of fishing opportunities worth up to £700 million. 

Leaving the EU has meant that the UK has been able to seize post-Brexit freedoms, working towards negotiating deals that work in the best interests of the UK fishing industry.

The UK negotiates annually with the Faroese Government under the bilateral framework agreement to consider potential exchanges of quota and broader fisheries management measures.