Co-funded Projects
Grant Scheme to Provide Compensation to the Fisheries Sector for Market Disruption due to Russia's War of Aggression against Ukraine
Policy Objective 2
A Greener and more Resilient Europe
Programme Priority
Fostering sustainable aquaculture activities and the processing and marketing of fishery and aquaculture products, thus contributing to food security in the EU
Specific Objective
Promoting the marketing, quality and added value of fishery and aquaculture products, as well as their processing
EU Fund
EMFAF
Project Budget
€950.000
Short Description/Objective:
The objective of this Scheme is to provide financial compensation to businesses in the fisheries and aquaculture sector to cover part of their operating costs, aiming to mitigate the effects of the sudden increase in the prices of basic production factors, such as energy and raw materials, as a result of the war in Ukraine.
Expected Benefits/Outcomes:
Mitigation of Ukraine war crisis through compensation for the increase in fuel and electricity prices for Scheme beneficiaries (owners of fishing vessels and land-based aquaculture farms).