Of the €6.1 billion dedicated to the European Fund for Maritime Affairs, Fisheries and Aquaculture (EFFMA), €5.3 billion will be allocated to the management of fisheries, aquaculture and fishing fleets. Member States will have to devote at least 15% of these funds to effective fisheries control and enforcement.
Among other things, the FEAMP will be intended to compensate fishermen in the event of a permanent or temporary shutdown of their activities and Member States will have to take into account the specific needs of small-scale inshore fisheries and young fishermen, in particular by simplifying administrative requirements or financing the first acquisition of a vessel under certain conditions. The EMFF will also aim to ensure improved safety, working conditions and energy efficiency. In line with the European Green Pact, the measures taken under the Fund will contribute to the overall budgetary target of spending 30% of funding on climate action.
Parliament and the Council should now adopt the agreement. The provisions of the regulation will apply from January 1, 2021.
