Aquaculture for all

Danes set aside €200 million for aquaculture and fisheries fund

Politics Investment Socio-economics +2 more

Denmark has pledged to dedicate €200 million of its European Maritime Fisheries and Aquaculture Fund (EMFAF) to improve resource efficiency and competitiveness of SMEs in the aquaculture sector and in the protection and restoration of biodiversity, through innovation and development of selective fishing gear and river restoration.

Denmark has a thriving aquaculture sector, which includes BioMar - one of the world's leading producers of aquafeeds

The decision is part of Denmark’s latest partnership agreement with the European Commission, which sets out the country’s €808 million cohesion policy investment strategy for the period 2021-2027.

The funds will support Denmark in promoting economic, social and territorial cohesion, with a focus on key EU priorities such as the green and digital transition. The funds will also contribute to the country’s competitive, innovative and sustainable growth.

Commissioner for Environment, Oceans and Fisheries, Virginijus Sinkevičius, said: “Europe's blue economy plays a crucial role in decarbonising our economy. This partnership agreement will allow Denmark to build a resilient, sustainable and low-carbon fisheries and aquaculture sector and to further develop its aquatic environment and resources sustainably of the fishery and aquaculture sector.”

The EU’s commissioner for jobs and social rights, Nicolas Schmit, added: “I welcome the partnership agreement with Denmark, which includes support for important social priorities: skills, jobs and social inclusion. With this agreement, Denmark is building a sustainable labour market and also equipping citizens with the right skills for a green and digital future.”