The EU Commission has approved a €25m Irish support measure for fishery sector including a voluntary tie-up scheme in the context of Brexit

The EU Commission has approved a €25m Irish support measure for fishery sector including a voluntary tie-up scheme in the context of Brexit

State aid:Commission approves €25 million Irish support measure for fishery sector in the context of Brexit

The European Commission has approved, under EU State aid rules, the reintroduction of an Irish scheme to support the fishery sector affected by the effects of the withdrawal of the UK from the EU.

The original scheme, approved on 3 September 2021 (SA.64035) and amended in October 2021(SA.100045), had a planned budget of €12.5 million and expired on 31 December 2021. .

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Ireland notified the Commission of its intention to reintroduce the scheme, with an additional budget of €25 million. The scheme will run until 31 October 2022.

The support will be available to Irish-registered vessels that commit to temporarily cease their fishing activities. Under the scheme, compensation will be granted in the form of a grant to cover for the losses for temporary ceasing of the fishing activity. The aim of the scheme is to mitigate the short-term impact of the quota reductions for the affected segment of Ireland’s fishing fleet.

The grant will be partly passed on to the vessels’ crew.

Each eligible vessel will be entitled to support for up to two months in the period between May and October 2022. The measure is planned to be financed under the Brexit Adjustment Reserve, established to mitigate the economic and social impact of Brexit, subject to approval under the specific provisions governing funding from that instrument.

The Commission assessed the measures under Article 107(3)(c) of the Treaty on the Functioning of the European Union, which allows Member States to support the development of certain economic activities or regions under certain conditions, and under the Guidelines for the examination of State aid to the fishery and aquaculture sector. 

The Commission found that the re-introduced scheme facilitates the development of an economic activity and does not adversely affect trading conditions to an extent contrary to the common interest.

On this basis, the Commission approved the Irish measure under EU State aid rules

Brian J McMullin Solicitors
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Commission has approved a €25m Irish support measure for fishery sector

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