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Home » Finance scheme for fishing industry and seafood businesses relaunched with £132 million in funding
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Finance scheme for fishing industry and seafood businesses relaunched with £132 million in funding

Business Circle TeamBy Business Circle TeamApril 14, 2026No Comments2 Mins Read
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Finance scheme for fishing industry and seafood businesses relaunched with £132 million in funding
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The federal government’s Fisheries and Seafood Scheme (FaSS) is being relaunched with £132 million in funding and wider eligibility.

The scheme, first arrange in 2021, helps the fishing business, seafood companies and coastal communities in England.

In response to suggestions from stakeholders, the fund’s eligibility has been expanded to companies, organisations, schooling establishments, neighborhood teams and charities of all sizes, in addition to port authorities, harbours and coastal councils.

Initiatives that the funding helps has additionally been expanded to incorporate bettering workforce growth, well being and security, seafood processing, neighborhood partnerships and native regeneration, port and harbour infrastructure, and commerce and market entry.

Round £6 million has been ring-fenced particularly for small-scale coastal fishers, with steerage and sensible help out there all through the applying course of. That is probably in reply to earlier criticism that the scheme didn’t help small corporations.

Funding functions will assessed by panels. The 2026 deadlines are 1 Could, 12 June and 4 September. Discover full particulars right here.

Fisheries minister Dame Angela Eagle mentioned: 

“The sector informed us what they needed and we listened. This scheme is the beginning of change, starting with ring-fenced help for the small-scale coastal fleet, funding rounds to help increased worth tasks, and multi-year funding.

“With £132 million out there over the subsequent 5 years, the relaunched Fisheries and Seafood Scheme will assist companies and organisations of all sizes to construct long-term resilience throughout the business.

“Whether or not that’s by means of safer vessels, higher seafood processing amenities, stronger provide chains, or improved port infrastructure, this funding is designed to make an actual and lasting distinction.”

The Fisheries and Seafood Scheme is run by the Marine Administration Organisation and funded by means of the £360 million Fishing and Coastal Progress Fund.



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