The funding, distributed by the Marine Management Organisation, will fund projects which support the fishing and aquaculture sectors including harbours, ports, fishermen, wholesalers, processing and research.
The Northumberland Inshore Fisheries and Conservation Authority supported the group to develop its funding bid.
Councillor Robert Arckless, Northumberland County Councillor and chairman of the Northumberland Inshore Fisheries and Conservation Authority, said: “Our fishing industry is one of the North East’s greatest assets and it’s important that we do everything we can to safeguard it for present and future generations.
“This new funding will be a welcome boost to the industry and will make a big difference to businesses, employment and both the local and regional economy.”
The funding will be used to support projects between March 2017 and September 2019.
North Tyneside Elected Mayor, Norma Redfearn added: “The funding is fantastic news for the North of Tyne Fisheries Local Action Group and I am delighted it has been awarded to the group.
“As well as benefiting the fishing industry in Northumberland, the money will help our fishing communities in Cullercoats and North Shields too.
“On behalf of North Tyneside Council, I’d like to thank the group for their hard work and dedication in successfully applying for this funding.”
