The Commission has cleared, under EU state aid rules, a €60 million Brexit scheme to support France's fishing sector

The Commission has cleared, under EU state aid rules, a €60 million Brexit scheme to support France’s fishing sector

Commission clears €60 million French scheme for fisheries sector in Brexit context

The European Commission has cleared under EU state aid rules a French scheme €60 million to support the fishing sector affected by the effects of the UK’s withdrawal from the EU. 

The objective of this scheme is to support shipowners who can no longer carry out their regular activity due to Brexit, and who as such are considering a permanent cessation of the activity of the vessel(s) they operate. 

The aid scheme is applicable until June 31, 2023.

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The aid compensates the owner of the vessel on the basis of a scale based on the tonnage of the vessel on the one hand, as well as the compensation which is necessary for the owner for the redundancy of crew members on the other hand. The share based on tonnage increases as the ship’s tonnage increases., created to mitigate the economic and social consequences of Brexit, subject to approval under the specific provisions governing financing under this 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 guidelines for the examination of state aid in the fisheries and aquaculture sector

The Commission found that the 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 cleared the French measure under EU state aid rules. 

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France’s €60 million Brexit scheme for fishing sector cleared by Commission

by editor time to read: 5 min