Finnish aquatic industry receives €140 million from FEMAF


European Commission

The total financial allocation for the Finnish program 2021-2027 is €140.3 million over the next six years, of which the EU contribution amounts to €71.8 million

Following the adoption of the 2021-2027 Partnership Agreement with Finland, the Commission has adopted the European Maritime, Fisheries and Aquaculture Fund (EMFF) program for Finland, in order to implement the common (CFP) of the EU and the political priorities of the EU described in the European Green Deal.

The total financial allocation for the Finnish program 2021-2027 is €140.3 million over the next six years, of which the EU contribution represents €71.8 million. The fund will promote the sustainable growth of Finland’s fisheries and aquaculture sector by stimulating modernization and innovation.

More concretely, the program will support the availability of domestic fish and the development of artisanal fishing activities; research and innovation to improve efficiency and digitization across the entire value chain; and the protection of biodiversity and the state of fish stocks.

Commissioner for Environment, Oceans and Fisheries, Virginijus Sinkevičius, said: “I am delighted to announce this new EMFAF program which will support innovative projects in Finland, accelerating a green and digital transition of the sectors of the fisheries and aquaculture. Finland is a strong promoter of sustainability and modernization. I am convinced that the program will preserve the marine environment and the conditions for maintaining fish stocks, while supporting the profitability of the industry.

FEMAF supports competitive and innovative fisheries and aquaculture

The program is based on several “ambitions”, adapted to the context of Finnish sea basins and inland waters

  • support the sustainable growth of Finland’s fisheries and aquaculture sector by investing in projects that safeguard primary production conditions and drive innovation and digitalization
  • protect marine biodiversity and promote sustainable practices to ensure sustainable use of fish stocks and strong environmental standards
  • double Finnish aquaculture production by 2030, in line with the EU Strategic Guidelines for Aquaculture 2021-2030 through the development of licensing, location management, circular economy solutions, new technologies and emissions-based permits.
  • improve the resilience and profitability of the aquaculture and processing sector and contribute to improving the traceability and control of fishery products.
aerial view of an aquaculture site
Aerial view of the fish farm

Policy makers want to double Finnish aquaculture production by 2030
© Hanson Lu

Main results expected for 2021-2027

The program aims to increase Finnish fish consumption to two doses per person per week by 2030. The program also plans to stimulate modernization and innovation and strengthen environmental protection.

FEMAF also strives to improve collective knowledge about fisheries and stimulate innovation through partnerships between companies and between private and public actors. The program envisages research and development projects to contribute to the protection of biodiversity and the restoration of aquatic ecosystems. These projects will support the 2030 Biodiversity Strategy and the objectives of the Finnish Priority Action Framework.

vessel near aquaculture pens
Net enclosure for aquaculture

The funding will also allow the launch of research and development projects to contribute to the protection of biodiversity and the restoration of aquatic ecosystems.
© Marine Fusion

33% of the total Feampa allocation will be devoted to environmental measures and investments and 20% will be invested in sustainable aquaculture, contributing to the EU’s environmental and climate objectives. Threatened fish species will be protected by improving fishing selectivity and marine life will be better protected by removing lost fishing gear and marine litter in general.

Overall, the Finnish EMFAF program will strengthen the resilience of the fisheries, aquaculture and processing sectors by helping stakeholders improve productivity and profitability while meeting their environmental and climate responsibilities. The fund also provides a safety net in times of crisis by mitigating the ripple effects suffered by the sector, as shown by the Covid-19 pandemic.

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