Fisheries: Finance

(asked on 22nd May 2025) - View Source

Question to the Department for Environment, Food and Rural Affairs:

To ask His Majesty's Government what plans they have, if any, to bring forward additional financial assistance and practical support to fishing fleet and processors across the UK.


Answered by
Baroness Hayman of Ullock Portrait
Baroness Hayman of Ullock
Parliamentary Under-Secretary (Department for Environment, Food and Rural Affairs)
This question was answered on 6th June 2025

On 19 May 2025, we announced the Fishing and Coastal Growth Fund. This new fund will invest £360 million over the next 12 years in the fisheries and seafood sector, and coastal communities, to support the next generation of fishermen and our coastal communities.

We will work with the industry to target investment where it matters most. For example, considering investment in new technology and equipment to modernise our fishing fleet, delivering training and investing in skills to back the next generation of fishers, and promoting the seafood sector to export our high-quality produce across the world.

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