€720,000 for Maltese Bluefin tuna fishermen approved by EC

FILE PHOTO: Leon Xuereb

A €720,000 Maltese scheme to support self-employed Bluefin tuna fishermen has been approved by the European Commission (EC). This is to support those that are affected by the coronavirus outbreak.

This was announced in a press release issued by the EC. The purpose of the scheme is to compensate the drop in the price of Bluefin tuna on the market and therefore help those fishermen to continue their activities after the outbreak.

The Commission found that the Maltese scheme is in line with the conditions set out in the State aid Temporary Framework, and the public support will take the form of direct grants. The aid will be calculated based on the quota assigned by the Department of Fisheries and Aquaculture to Bluefin tuna fishermen in 2020, and will not exceed €120,000 per beneficiary.

The Temporary Framework and other actions taken by the EC related to the pandemic can be found here. This decision will be found under the  case number SA.57984 in the State aid register on the EC’s competition website once any confidentiality issues have been resolved.