The study focuses on assessing the experience in the use of, or the reasons for not using, financial instruments financed by the European Maritime and Fisheries Fund (EMFF) in the 2014-2020 programming period and exploring the potential use of financial instruments post-2020.
Feedback from the fi-compass EMFF survey, carried out in the framework of the study, shows that managing authorities are evaluating the use of financial instruments in the post 2020 period. A number of managing authorities are in the process of preparing their ex-ante assessments exploring the possibility to use this type of support in their programmes.
Using the lessons learnt in the 2014-2020 period, the use of financial instruments is expected to intensify under 2021-2027 European Maritime Fisheries and Aquaculture Fund (EMFAF), particularly for enterprises in the processing of fishery and aquaculture products.
The improved and more flexible regulatory framework will allow EMFAF managing authorities to develop tailored support packages addressing the needs of targeted groups and policy objectives, such as generational renewal (while avoiding overcapacity and overfishing), supporting the whole seafood value chain to face current and future challenges.