Government commits £24 million to fishing industry

Published by Will Dodds on September 12th 2021, 7:07pm

The government has committed £24 million in new investment for fishing businesses around the UK, with the goal to help the development of new technology and world-class research.

It is hoped that the funding will boost productivity within the sector and improve its sustainability, while also building back as strong as possible following the COVID-19 pandemic.

The UK has enjoyed an increase in quota fish stocks of mackerel and herring, with the government hoping to see the industry benefit further as a result of Brexit.

The funding comes as the first part of a new £100 million UK Seafood Fund, which hopes to support the industry process more fish in the UK and create jobs.

This should in turn boost coastal communities and upskill local people working to promote safe and sustainable fishing methods.

"Over the last nine months, we have taken some important steps in the right direction for our fishing industry," said environment secretary George Eustace.

"We’ve taken our independent seat at the Regional Fisheries Management Organisations, we have agreed a quota exchange mechanism, and we have seen an uplift in quota for UK vessels.

"Now, this major investment will benefit coastal communities up and down the UK. The first investment from our £100M Seafood Fund will boost science and innovation in the fishing industry and, coupled with our Fisheries Act, help us ensure that we have the most sustainable fleet in the world."

Fisheries Industry Science Partnerships scheme has also been launched to fund research into better managing UK fish stocks.

The scheme with gather data and research ways to increase sustainability within the sector.

"I am particularly delighted to see the launch of this scheme for Fisheries Industry Science Partnerships," said fisheries biologist and senior lecturer at University of York Dr Bryce Stewart.

"Our recent research shows that such collaborations are vital for increasing trust and developing more effective and efficient management measures. Ultimately this should lead to more productive fisheries and a healthier marine environment."

Share this article

About The Leaders Council

The Leaders Council of Great Britain and Northern Ireland is a network of the most influential figures from across the country. Through detailed case studies, news coverage, podcasts and leadership events, we strive to unearth the authentic voice of British industry. Find out more About us and our Membership Benefits.

Related News Stories

Authored By

Will Dodds
Senior Journalist
September 12th 2021, 7:07pm

Follow Us

Stay up to date with the latest news on politics and business. Follow @LeadersGBNI on Twitter for more live updates

Share this article

Popular Stories

NEWS | Published September 26th 2021, 1:01 pm

M3 Floodtec receives Kitemark Certificate for anti flood airbricks

NEWS | Published September 26th 2021, 9:09 am

UK furlough scheme: Time to let staff go?

NEWS | Published September 25th 2021, 3:11 pm

The boardroom series: Charlotte Wiseman addresses trust

NEWS | Published September 25th 2021, 10:00 am

Jaffray Care celebrates its 30th anniversary

NEWS | Published September 24th 2021, 4:04 pm

Organisation calls for women to be prioritised at global summits

© Copyright 2021, Leaders Council.