Following the recent adoption of the European Maritime and Fisheries Fund (IP/14/458), the European Commission has as of last week, set out the breakdown of the fund by priority and Member State.
The European Maritime and Fisheries Fund (EMFF) was the last one of the new European Structural Funds to be adopted, all with a financing period stretching from 2014 to 2020. The total EMFF budget, including shared and direct management, is of 6.4 billion EUR, and will provide financial support to implement the new CFP and support fishermen, fish farmers and coastal communities in adapting the new regulations. It will also finance projects under the EU’s Integrated Maritime Policy (IMP).
The breakdown of the fund covers 5.75 billion EUR which will be implemented under shared management by Member States, of which a total of 1.32 billion EUR is allocated to Baltic Sea Member States.
The adoption of the EMFF marked the end of the reform of the CFP. The other parts of the reform package – the basic regulation (EU 1380/2013) and the market regulation (EU 1379/2013) – were adopted by the Council in October last year.