Aquaculture: More than 0.5 billion euros are spent on supporting the sector
In ensuring the sustainability of activities in the fields of fisheries and aquaculture targets the Fisheries, Aquaculture and Sea Program 2021-2027 (PALYTH), which is developed and financed under the European Maritime, Fisheries and Aquaculture Fund (EMFF), with a budget amounting to 520 million euros.
In this direction, the Program offers the professionals of the fishing sector various financial tools, through which they can further develop their activities.
At 520 million euro the total public expenditure of the program for fisheries and aquaculture
More than half a billion euros is the money that will go towards strengthening the fishing industry.
According to data from the Ministry of Rural Development and Food 57% of the total funds will be allocated to the promotion of sustainable fishing and the restoration and conservation of aquatic biological resources. This will be done through actions that will aim:
- in the modernization of the fishing fleet,
- in the selectivity of the fishing gear,
- to improve the quality of fishery products
- in support of the traditional fishing sector
A quarter of the total public expenditure (25%), according to the same figures, will go to the promotion of sustainable aquaculture activities and processing and marketing of fishery and aquaculture products, thus contributing to the food security of the European Union.
This will be achieved through actions that will increase productivity
As stated in the same data from the FSA, 14% of the funds will be directed to the promotion of a sustainable blue economy in coastal, island and inland areas and promotion of the development of fishing and aquaculture communities.
Through actions, resilience will be increased and the local economy of targeted areas will be strengthened, with a view to blue growth and the development of governance mechanisms at the local level.
At the same time, the innovative transformation of the local production system is promoted by strengthening and diversifying local production on the basis of smart specialization, strengthening the island and coastal entrepreneurship and local cooperative schemes.
Finally, a 2% will go towards strengthening international ocean governance and establishing safe, protected, clean seas and oceans under sustainable management.
Actions will be implemented to enhance the operation of the Common Information Exchange Environment for the Surveillance of the EU Maritime Sector (CISE), while strengthening the collection, accessibility and sharing of data in the framework of the integrated maritime policy, strengthening the services in charge of Coast Guard tasks.