Regulation (EU) No 508/2014 on the European Maritime and Fisheries Fund

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Series Details L 149, Pages 1-66
Publication Date 20/05/2014
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Regulation (EU) No 508/2014 - formally adopted by the European Union on 15 May 2014 - setting up the European Maritime and Fisheries Fund (EMFF). It repeals Council Regulations (EC) No 2328/2003, (EC) No 861/2006, (EC) No 1198/2006 and (EC) No 791/2007 and Regulation (EU) No 1255/2011.

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The European Maritime and Fisheries Fund (EMFF) seeks to assist those working in the fishing and aquaculture sectors and coastal populations to adapt to the Common Fisheries Policy (CFP). It was set up as part of the Multiannual Financial Framework (MFF) for period 2014-2020. It comprises a budget of €6.5 billion for that period. The EMFF co-finances projects with EU countries that provide national funding. EU countries draw up an operational programme stating how they intend to spend the money allocated. Once the European Commission approves these programmes, it is up to the national authorities to decide which projects will be funded. The EMFF is the financial instrument in support of the CFP for the 2014-2020 period. It is one of the five European Structural and Investment Funds that complement each other and seek to promote a growth- and job-based recovery in Europe.

A proposal setting up the EMFF was put forward by the European Commission in December 2011, and later amended on 22 April 2013. The Council of the European Union adopted its general approach on 22 July, followed by the European Parliament on 22 October.

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Commentary and Analysis
EP: Library Briefing, October 2013: European Maritime and Fisheries Fund (2014-20)
VoxEurop (via La Repubblica), 06/11/2013: Mediterranean stocks running out
EPRS: Briefing (How the EU Budget is Spent), June 2017: European Maritime and Fisheries Fund

EurActiv, 24/10/2013: Parliament rejects subsidies for new fishing boats

EUR-Lex: COM(2011)804 | COM(2013)245: Proposal for a Regulation on the European Maritime and Fisheries Fund (and amendment)
European Parliament: Legislative Observatory: Procedure File for Proposal on European Maritime and Fisheries Fund (EMFF) 2014-2020
European Commission: Press Release, 02/12/2011: A new European Fund for the EU's Maritime and Fisheries Policies
European Parliament: Memo, 02/12/2011: Questions and answers on the new European Maritime and Fisheries Fund (EMFF)
UK Government: DEFRA: Consultations, 2012: European Marine and Fisheries Fund (EMFF)
European Commission: Press Release, 21/10/2013: European Maritime and Fisheries Fund agreement: investing in a sustainable future
European Parliament: Press Release, 23/10/2013: Fisheries Policy reform: MEPs agree on rules for €6.5 billion EU aid fund
European Commission: Memo, 20/12/2013: Commission reaction to European Maritime and Fisheries Fund talks

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