On December 19, 2022, the Department of Fisheries and Marine Research of the Ministry of Agriculture, Rural Development and Environment launched the 2nd call of the Grant Scheme for providing compensation to the fisheries sector due to the market disruption following Russia's military attack against Ukraine.
The purpose of the Scheme is to provide financial compensation to enterprises in the fisheries sector and in particular to land-based aquaculture units to cover part of their operating costs, aiming to mitigate the impact of the sudden increase in the prices of key inputs such as energy and raw materials.
Of the total amount, 70% is covered by the European Maritime Fisheries and Aquaculture Fund (EMFF) and the remaining 30% by the Republic of Cyprus. The funding rate to the Beneficiaries is 100% (public expenditure).
Beneficiaries are natural or legal persons holding a licence for aquaculture units issued by the Department of Fisheries and Marine Research.
Specifically, the call is open to (a) terrestrial aquaculture units of marine species with a maximum grant of €170.000 and b) terrestrial freshwater aquaculture units with a maximum grant of €25,000.
The application period is retroactive from 28 February 2022 to 31 December 2022.
(DK/MB/IC)
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