EUROPEAN MARITIME AND FISHERIES FUND (EMFF)
The European Maritime and Fisheries Fund (EMFF), one of the European Structural and Investment Funds, supports the implementation of the reformed Common Fisheries Policy (CFP) and the EU Integrated Maritime Policy.
The EMFF has an overall budget of over €6 billion for 2014-2020. This support is provided to fisheries (including data collection and control), aquaculture and processing, as well as to the sustainable development of fishery and aquaculture areas and the Integrated Maritime Policy.
The EMFF support can be provided through grants and, increasingly, through financial instruments.
In 2007-13, apart from in a few MS, financial instruments were not widely used under the then European Fisheries Fund (EFF).
Financial instruments can thus contribute to the achievement of the following objectives of the EMFF:
- promoting competitive, environmentally sustainable, economically viable and socially responsible fisheries and aquaculture;
- fostering the implementation of the CFP;
- promoting a balanced and inclusive territorial development of fisheries and aquaculture areas;
- fostering the development and implementation of the Union’s Integrated Maritime Policy (IMP) in a manner complementary to cohesion policy and to the CFP.
Financial instruments are available to all kinds of recipients within the fishery and aquaculture sectors undertaking revenue-generating projects. In the processing sector, support to enterprises that are not SMEs can only be provided by means of financial instruments. Given the relatively small size of the EMFF, an additional possibility is to explore synergies with other FIs already set up through the ERDF, ESF or EAFRD, or to be established in the 2014-2020 period.
Financial Instruments under EMFF funds 2014-2020
Manual, Ex Ante Assessment - Quick reference guide, pdf
Factsheet, The European Maritime and Fisheries Fund, pdf
Scoping study for the use of financial instruments under the EMFF and related advisory support activities, pdf
Implementing Financial Instruments in the European Maritime and Fisheries Fund, Poseidon Aquatic Resource Management, pdf
The Use of Financial Instruments under the EMFF 2014-2020, Framian BV and Vivid Economics Ltd, pdf
Realising EMFF Financial Instruments potential, Rod Cappell, Poseidon Aquatic Resource Management Limited, pdf
Financial instruments under the EMFF, Harold Hooglander, Ministry of Economic Affairs, Netherlands, pdf
Financial instruments from EAFRD/EMFF in Estonia, Madis Reinup, Ministry of Agriculture, Estonia, pdf
Learning from implementing the Credit Fund under EFF and EAFRD in Latvia, Juljia Travina, Ministry of Agriculture, Republic of Latvia, pdf