Press Release: Commission decides allocation of EU aid under the European Fisheries Fund

The European Commission has adopted a decision fixing an annual indicative allocation, per Member State, of the funds made available under the European Fisheries Fund (EFF) for the period from 1 January 2007 to 31 December 2013. From the beginning of next year, the EFF will replace the Financial Instrument for Fisheries Guidance (FIFG) as the EU's core instrument for financial support to the fisheries sector and fishing communities. It will run for seven years with a budget of €3.849 billion.