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Home » Latest News » Government to launch £360m Fishing and Coastal Growth Fund
Politics

Government to launch £360m Fishing and Coastal Growth Fund

Lucy ContrinoBy Lucy Contrino20/05/20253 Mins Read
  • Investment to support the next generation of fishers and new technology to modernise British fishing fleet, new skills, and training to upskill workforces and revitalise coastal communities to attract tourism.
  • Deal with EU protects Britain’s fishing access, fishing rights and fishing areas and removes costly checks and certificates.
  • No change to current access to fish for coastal communities with no reduction in British quota or increase in the quota the EU is allowed to catch.

British fishing and coastal communities will benefit from £360 million investment to drive growth and boost the sector for the future as the Government launches its Fishing and Coastal Growth Fund.

The Fund will invest in new technology and equipment to modernise Britain’s fishing fleet, deliver new training and skills to back the next generation of fishers, and promote the seafood sector to export our high-quality produce across the world. The government will work with the industry to target investment where it matters most.

The investment comes alongside a new twelve-year fisheries access agreement with the EU securing long-term certainty for British fishing fleets. The deal protects Britain’s fishing access, fishing rights and fishing areas. As a result, there is no change to current access for coastal communities and no reduction in British quota or increase in the quota the EU is allowed to catch.  

The Government has also secured a new SPS Agreement that will slash red tape for UK seafood exporters and businesses, and reopen the EU market to GB shellfish from certain domestic waters. This will make it easier to sell British fish to our largest trading partner – in turn driving growth and removing barriers to trade that have been holding businesses back

Under new plans to be set out by the Government later this week, coastal communities will receive a cash boost for new community facilities, better transport links and investment in apprenticeships. Proposals would see offshore wind farms required to invest into coastal communities benefiting for families, businesses, and local community groups across the country.
Secretary of State for Environment, Food and Rural Affairs, Steve Reed said:    

“The agreement reached today protects Britain’s fishing access, fishing rights and fishing areas with no increase in the amount of fish EU vessels can catch in British waters.”

“The agreement reached today protects Britain’s fishing access, fishing rights and fishing areas with no increase in the amount of fish EU vessels can catch in British waters.”

Government and agencies to work with fishers to reform support to meet safety regulations, supporting the sector to be more prosperous and safer. 

£360m and coastal fishing fund government growth launch news politics press release
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