For the 2014-2020 period, approximately 20% of funding from the European Maritime and Fisheries Fund is planned to be invested in the aquaculture sector. Each Member State has drawn up an operational programme, which is then adopted by the Commission, outlining how funding from both national and EU sources will be directed towards strategic priorities for sustainable jobs and growth in the aquaculture sector in line with the multiannual strategic plans.
Sustainable aquaculture development is one of the main priorities of the EMFF. The money allocated to this priority can be spent on a number of different aspects at the discretion of the responsible Member State authority. The aspects supported under the EMFF may include:
See Articles 45 – 57 of the EMFF Regulation for further information. Details of the responsible national authorities in each Member State
Research and funding opportunities
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The 2018 Economic report of the EU Aquaculture Sector shows a strong and growing sector. In 2016, the EU aquaculture sector has produced and sold 1.4 million tonnes of seafood, worth almost €5 billion. Profits of the sector have doubled between 2014 and 2016. Employment figures demonstrate that aquaculture firms are providing more and more stable employment opportunities.
Following months of discussions, the European Commission and the General Fisheries Commission for the Mediterranean (GFCM) have secured today a 10-year pledge to rebuild the Black Sea fish stocks, protect the region's ecological and economic wealth and boost the development of sustainable Black Sea aquaculture.