Following the adoption of the Partnership Agreement 2021-2027 with Ireland, the European Commission has adopted the European Maritime, Fisheries and Aquaculture Fund (EMFAF) programme for Ireland, to implement the EU common fisheries policy and EU policy priorities outlined in the European Green Deal.
The total financial allocation for the Irish programme 2021-2027 is €258.4 million (US$274.98 million), of which the EU contribution accounts for €142.4 million (US$151.53 million).
Around 50 per cent of the programme allocation will be dedicated to sustainable fisheries and conservation of aquatic biological resources, 36 per cent will be invested in sustainable aquaculture and in processing and marketing, six per cent will be dedicated to sustainable blue economy in coastal areas, and two per cent will be invested in the strengthening of international ocean governance.
Key focus areas under sustainable fisheries will include the following: