£1.9 million funding boost for fishing industry
More than £1.9 million European funding has been approved for the English fishing industry during March 2011.
A total of 16 projects could benefit from the money, made available through the European Fisheries Fund (EFF) and Marine Management Organisation (MMO).
Over £1.8 million will be shared among eight large scale developments, which will directly safeguard over 150 jobs and create up to 21 additional roles. The biggest single award approved by the panel of judges was around £606,000 for the redevelopment of Grimsby fish market.
The MMO also agreed a further £97,000 funding through the EFF scheme during the month, for investment in eight smaller projects such as improvements to fishing vessels in Devon, Cumbria and Cornwall and in fish processing factories in Devon and North Shields. The total value of the projects, when other public and private sector match funding is included, is more than £4.5m.