|Author (Corporate)||Council of the European Union, European Parliament|
|Series Title||Official Journal of the European Union|
|Series Details||L 149, Pages 1-66|
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.
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.
|Subject Categories||Business and Industry, Internal Markets|
|Subject Tags||Common Fisheries Policy [CFP], Fisheries | Aquaculture, Multiannual Financial Framework [MFF]|
|Keywords||European Maritime and Fisheries Fund [EMFF], MFF 2014-2020
|International Organisations||European Union [EU]|