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State aid: Commission approves €12 million German scheme to support fishery sector in the context of Brexit  

31/10/2022 | Economia |  Daily News 27 / 10 / 2022

Source: European Commission Spokesperson's Service  

The European Commission has approved, under EU State aid rules, a €12 million German scheme to support the fishery sector affected by the effects of the withdrawal of the UK from the EU. The aim of the scheme is to compensate vessel owners for the losses suffered during a temporary cessation of their fishing activities between 1 January 2021 and 31 December 2022. Under the scheme, aid will be granted to eligible German-registered vessel owners in the form of direct grants. The aid amount corresponds to the expenditure incurred in connection with the fishing vessel during the standstill period. The expenditure incurred includes, in particular, personnel costs, insurance incurred despite the presence in the port, port charges, fixed costs and depreciation, and actual variable costs. The scheme will run until 31 December 2022. The measure is planned to be funded under the Brexit Adjustment Reserve, established to mitigate the economic impact of Brexit, subject to approval under the specific provisions governing funding from that instrument. The Commission has assessed the scheme under Article 107(3)(c) of the Treaty on the Functioning of the European Union, which allows Member States to support the development of certain economic activities or regions under certain conditions, and in particular the Guidelines for the examination of State aid to the fishery and aquaculture sector. The Commission found that the scheme facilitates an economic activity and does not adversely affect trading conditions to an extent contrary to the common interest. On this basis, the Commission approved the German measure under EU State aid rules. The non-confidential version of the decision will be made available under the case number SA.103312 in the State aid register on the Commission's competition website once any confidentiality issues have been resolved.

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