Agreement reached on Denmark’s new billion kroner fisheries package

The government has Parliament’s approval for widespread changes

May 18, 2017

A broad consensus in Parliament has agreed to a new package that should stimulate Danish fishing and aquaculture over the coming years.

All in all, 972 million kroner has been earmarked in subsidies for the sector.

“It’s important to ensure the future of the Danish fishing industry, and I’m very happy that all parties have agreed on a deal that can put the wind in the sails of both large fishing vessels and also small trawlers,” said Esben Lunde Larsen, the minister for food and the environment.

A boost for small harbours
The package is also designed to bring more life to harbours around the country.

The subsidies will be available for investment in vessels, new onboard technology and improving the general working environment. From the available pot, 53 million kroner has specifically been set aside for initiatives related to coastal fishing.

“Life along the coasts of Denmark needs a boost. We’ve ensured this through this deal where more resources are being made available to support country districts and coastal communities through job-creation and specially focusing on tourism in these area,” said Simon Kollerup, the fishing spokesperson for Socialdemokratiet.

Mostly EU funding
The package is 70 percent financed through EU funding and will be included on Denmark’s budget for 2018.

Before the agreement can come into force, Denmark will have to submit a proposal to the European Commission, which will have to approve the changes to the current agreement.