The UK government has launched the Fishing and Coastal Growth Fund, a £360 million investment designed to support fishing businesses and coastal communities across the country. Of this, £56 million has been allocated specifically to Scottish, Welsh, and Northern Irish fishing industries, aiming to boost local economies and strengthen regional fishing sectors. The fund will be administered by the devolved governments, enabling targeted investments that address the specific needs of their communities.
The initiative will modernize the UK’s fishing fleet by investing in new technology and equipment, enhance the skills of the next generation of fishers through training programs, and support coastal communities by promoting tourism and trade. By focusing on regional priorities, the fund seeks to create sustainable, secure, and economically resilient fisheries and aquaculture sectors across the UK.
Funding allocations are distributed based on the Barnett Formula, with Scotland receiving £28 million, Wales £18 million, and Northern Ireland £10 million. This strategic approach allows devolved governments to collaborate closely with local fishing industries, ensuring that investments are aligned with the unique needs of their coastal towns and villages.
Fisheries Minister Dame Angela Eagle emphasized that the fund will revitalize both the fishing sector and coastal communities, driving growth under the government’s Plan for Change. Scotland Office Minister Kirsty McNeill highlighted the importance of the £28 million investment for improving infrastructure, creating jobs, and boosting skills in Scottish coastal communities.
Industry leaders, including Mike Cohen, Chief Executive of the National Federation of Fishermen’s Organisations, welcomed the funding as a long-term opportunity to drive sustainable growth in UK fisheries. He noted that, with proper management and support, the sector can become a key driver of social and economic benefits along the coastline.
In addition to the fund, the UK government plans to begin negotiations for a new Sanitary and Phytosanitary (SPS) Agreement with the EU. This deal aims to reduce red tape for seafood exporters, facilitating trade with the UK’s largest partner, removing barriers, and further supporting growth in the sector.
