Operating aid for fishermen extended until the end of the year

Fishing - Operating aid for fishermen extended until the end of the year

Subsidies for Fishermen and Fishermen for increased operational costs due to the Russian aggression war against Ukraine are being extended and financially increased. The German Ministry of Food and Agriculture in Berlin announced this. Previously, the Budget Committee of the German Bundestag had lifted a corresponding budget cap.

Already in March, a three million Euro strong small subsidy was set up, which could be applied for until May 31, 2024. Fishery businesses are reportedly now given the opportunity to take advantage of this subsidy until December 31, 2024. For this, an additional two million Euros are said to be provided from the funds. These funds are supposed to come from the funds that the Ministry is entitled to under the so-called Offshore Wind Energy at Sea Law in 2024.

The EU Commission had previously extended the "Crisis Framework"

The extension of the aid is possible because the European Commission is said to have extended the "Temporary Crisis Framework" due to the continuing negative economic effects of the Russian aggression against Ukraine on Ukraine until December 31, 2024. A funding regulation for the extension of the "Small Subsidy for Fisheries 2024" is said to be published "promptly" in the Federal Gazette. After that, fishery businesses can submit applications for support until October 31, 2024.

The maximum subsidy amount for companies in the fishing and aquaculture sectors is said to be 335,000 Euros respectively 75,000 Euros per fishing vessel. The German government had already provided aid for the fishing industry from national funds based on the "Temporary Crisis Framework" in 2022 and 2023 with a total volume of ten million Euros each. The money comes from the auctioning off of Offshore Wind Energy Areas, "to secure the future of fishing in the North and Baltic Seas".

1. Due to the ongoing 'War of Aggression' by Russia against Ukraine, the German Ministry of Food and Agriculture in Berlin has extended and financially increased subsidies for fishermen to cover increased operational costs.
2. The 'Ukraine war' has had significant negative economic impacts, leading the EU Commission to extend the 'Temporary Crisis Framework' until the end of 2024.
3. Fishery businesses in 'Germany', including those in 'Schleswig-Holstein', 'Lower Saxony', 'Mecklenburg-Western Pomerania', and 'Hamburg', can now apply for these subsidies until October 2024.
4. Originally intended to end in May 2024, the subsidy program, worth a total of 5 million Euros, has been expanded by an additional 2 million Euros, allowing businesses to apply until the end of the year.
5. The financial aid, part of the 'Small Subsidy for Fisheries 2024', can benefit companies in the fishing and aquaculture sectors with a maximum subsidy of 335,000 Euros or 75,000 Euros per fishing vessel.
6. The 'Bundestag' had previously approved lifting a budget cap for this initiative, allowing the Ministry to provide financial support from the revenue generated by auctions of Offshore Wind Energy Areas.
7. Household expenses are a significant part of the operating costs for many fishery businesses, and this aid aims to help these companies navigate these financial challenges associated with the crisis.

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