Major funding secured for Portuguese fisheries, aquaculture

Published on
December 3, 2015

A key investment package for Portugal’s maritime, fisheries and aquaculture sectors totaling EUR 506 million (USD 546.7 million), including around EUR 392 million (USD 423.6 million) of EU funds, has been adopted by the European Commission under the European Maritime and Fisheries Fund (EMFF) for the period 2014-2020.

"Investment under this program will go to Portuguese fisheries, aquaculture and maritime projects that are both environmentally sustainable and economically sound. I am convinced that the package adopted today will allow Portuguese fishermen and fish farmers to face the future with confidence and allow Portuguese fishing and coastal communities to thrive," said Karmenu Vella, EU Commissioner for Environment, Maritime Affairs and Fisheries.

The adopted Operational Program (OP) will support the rollout of the EU's Common Fisheries Policy (CFP) and Integrated Maritime Policy in Portugal. It aims to enhance resource efficient, innovative, competitive and knowledge based fisheries and aquaculture as well as protecting the marine environment.

Funding will support investments in fisheries, aquaculture and processing industries that boost competitiveness and sustainability. This includes adjusting the capacity of the Portuguese fleet to available resources, reducing energy consumption, promoting innovation and increasing sustainability in the aquaculture sector. Funding will also focus on helping producer organizations to better organize themselves. 

Particular attention will be paid to measures reducing the impact of fisheries on the marine environment and to protecting aquatic biodiversity and ecosystems through marine protected areas.

The Portuguese outermost regions of the Azores and Madeira will be compensated for extra costs incurred.

Local development initiatives such as Fisheries Local Action Groups (FLAGs) will receive more funding, and more emphasis will be placed on joined-up action with other EU funds at regional level.

The program will also support Portuguese public bodies in enforcing CFP rules and providing sound data for the management of the fisheries and aquaculture sectors.

Contributing Editor reporting from London, UK

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