EU Commission has launched the 2020 EMFF pre-financing process

The EU Commission has announced today that it has waived the obligation to request refunds of unspent pre-financing from the fund until the programme closure.

This will allow  the fast direction of available European public funds to address the consequences of the coronavirus crisis, under Article 139 of the ESIF Regulation.

In addition, starting on 30 March, the Commission has launched the 2020 annual pre-financing process for the European Maritime and Fisheries Fund (EMFF) in advance and paid a sum of up to €160.3 million. 

This allows the Member States to use the funds to accelerate investments in response to the coronavirus outbreak and ease the socio-economic burden caused by the crisis on the fisheries and aquaculture sectors.

For more information visit ESIF Regulation

Source: Europa.eu

EU Commission launches 2020 EMFF pre-financing process

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