The Danish Fisheries Agency has opened applications for the EU support scheme 'Compensation for loss of quota value as a result of Brexit'

The Danish Fisheries Agency has opened applications for the EU support scheme ‘Compensation for loss of quota value as a result of Brexit’. Photo: DFPO

Support scheme of €112.8 million for compensation of fishermen for loss of quota values ​​as a result of Brexit is now open for application

The Danish Fisheries Agency is now opening applications for the EU support scheme ‘Compensation for loss of quota value as a result of Brexit’.

The scheme is the fourth Brexit support scheme, targeted at the fishing industry, which is open for applications. DKK 840.8 million (€112m/£100m) has been set aside for the payment of support under the scheme.

Fishermen who have had their fishing quotas reduced as a result of Brexit can now apply for support for either a fourth or for the time  as this is the last Brexit support scheme, targeted at the fishing industry.

The scheme can be applied for by active commercial fishermen who, on 31 December 2020, owned quotas for one or more species that have been reduced as a result of Brexit.

The support is calculated on the basis of the applicant’s ownership of fishing quotas on 31 December 2020. This is not a ‘first come, first served’ scheme.

The scheme ‘Compensation for loss of quota value’ is the largest of the Brexit support schemes for the Danish fishing industry. The scheme must contribute to the aid recipients being able to adapt to the new situation with reduced quotas, which is a direct consequence of Brexit.

The scheme is financed by EU funds from the EU’s Brexit adjustment reserve.

The scheme is open for applications from Tuesday 25 April 2023 at 12:00 to Friday 16 June 2023 at 23:59.

The funds are expected to be paid out to beneficiaries during the 2nd and 3rd quarter of 2023.

Source: Press Release

Follow The Fishing Daily