EC Okays Maritime Fisheries Fund
European Commission has approved Malta’s Operational Program European Maritime Fisheries Fund (EMFF) for the 2014-2020 financial periods, announced Parliamentary Secretariat for the EU Presidency 2017 and EU Funds.
The approval document has now been finalized and adopted by the European Commission allowing Malta to invest €22,627,422 million under this Operational Program after the necessary negotiations.
The European Maritime and Fisheries Fund (EMFF) for the period 2014-2020 provides funding to the fishing and aquaculture industry and coastal communities to help them adapt to changing conditions in the sector and become economically resilient and ecologically sustainable.
It is one of the five European Structural and Investment (ESI) Funds which complement each other and seek to promote a growth and job based recovery in Europe.
The EMFF is the financial instrument that will help deliver the objectives of the reformed Common Fisheries Policy (CFP) and will support the implementation of the EU Integrated Maritime Policy (IMP).
The EMFF focuses on the long-term strategic objectives of the two policies: for the Common Fisheries Policy, contributing to sustainable and competitive fisheries and aquaculture; for the Integrated Maritime Policy, ensuring a consistent policy framework for the policy and contributing to a balanced and inclusive territorial development of fisheries areas.
In line with the Europe 2020 strategy, these broad objectives for 2014 – 2020 are structured around six priorities within the EMFF.
