Green light for Greek fisheries and aquaculture funding

Published on
October 28, 2015

The European Commission has approved an investment package for the maritime, fisheries and aquaculture sectors of Greece totaling EUR 523.4 million (USD 579.3 million), including more than EUR 388 million (USD 429.4 million) of EU funds.

The investments are for the period 2014-2020.

"With this investment package for fisheries and aquaculture in Greece, the Commission can help deliver projects with long-term benefits. Greece has a world-renowned maritime tradition. With good spatial planning and an integrated strategy, its vast coastline can be a fundamental part of the country's economic recovery. We want to give a jobs boost to Greek fishermen, fish farmers and their communities," said Karmenu Vella, EU Commissioner for Environment, Maritime Affairs and Fisheries.

The adopted operational program (OP) is in line with the priorities of the European Maritime and Fisheries Fund (EMFF) and the EU's reformed Common Fisheries Policy (CFP). It aims at enhancing environmentally sustainable, resource efficient, innovative and competitive fisheries and aquaculture as well as promoting blue growth and maritime skills in Greece.

In particular, funds will support projects that improve the livelihood of Greek fishing communities by improving infrastructure or by offering new professional development opportunities. Funding will also help limit the impact of fishing on the marine environment and enhance biodiversity by balancing fishing capacity and available fishing opportunities.

Given the importance of the aquaculture sector in Greece, special focus will be placed on the promotion of economically and environmentally sustainable farming techniques.

Contributing Editor reporting from London, UK

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