Fisheries Grant announced in Wales to help fishing sector through Covid 19 pandemic

Fishing has been hit especially hard as exports and domestic markets have shut due to the public health crisis.

Existing support for the wider business sector is often based on factors such as the rateable value of fixed premises, or the amount of members of staff employed – but these often don’t apply to fishing businesses.

The new support has been announced by the Welsh Government as a targeted grant for vessel owning fishing businesses, to ensure they are able to cover their costs during this difficult time.

The new grant will help cover fixed costs associated with owning a fishing vessel and will be based on the size of vessel owned. The grant will be calculated by vessel size, with a maximum payment of £10,000 to ensure synergies with the Economic Resilience Fund. The grant will be open to all active seafood businesses with Welsh-licenced vessels and recorded sales of £10,000 or more in 2019, and all eligible fishers will be provided with a one off payment.

Further details on the application process will be announced shortly. Eligible fishers should first register online with Rural Payments Wales (RPW). Once the applications are open, fishers may then apply online through RPW.

The Minister said: “We know that COVID 19 and the storms earlier this year have caused significant difficulties for the fisheries sector.

“Fishing is a hugely important part of the Welsh food and drink sector, and it sustains livelihoods and communities across our coasts.

“But the COVID-19 pandemic has hit exports and internal markets incredibly hard, leading to many in the sector facing the loss of their livelihoods, and the permanent closure of their businesses.

“This will be a period of uncertainty for many in the sector, and that’s why we want to ensure we could support them as they face unavoidable costs. Action is now required to protect the future of the Welsh fishing businesses and the social fabric of our fishing communities which, due to the immediate and devastating impacts on markets, is now under threat.

“The support provided will help those eligible to cover their costs during this difficult time, and ensure Wales has a competitive fishing sector once this crisis has passed.”

ENDS.