A British Overseas Territory located in the South Atlantic Ocean, east of mainland Argentina, the Falkland Islands consists of two main islands (East and West Falkland) and 778 smaller ones. They have a total land area of approximately 12, 173 km² and a population of 2,995 inhabitants. The capital is Stanley. Fisheries are the most important economic activity. The EU market is an important destination for Falkland exports, notably loligo squid.
Funding under the 10th European Development Fund (EDF), will contribute to the Falkland Island Plan – a five-year multi-pronged strategy. The funds – in the form of budget support – cover the period 2013-16.
The Falkland Islands receive €4.13 million under the 10th European Development Fund as budget support. This feeds into the Falkland Island Plan – a multi-pronged 5-year strategy. Funds are helping to diversify the Falkland Islands’ economy and reduce an over-dependence on fisheries.
Under the 10th EDF’s technical cooperation facility, the Falkland Islands have received €122,518 for technical assistance to draw up the government framework contract.
Under the 11th EDF, Falkland Islands has been granted an indicative amount of €5.9 million for the period 2014-2020.