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Wed, 17 Feb 2021
Money for the seafood and fishing industry has been allocated to help the sector navigate the challenges of coronavirus and the added complications brought by Brexit.
A funding package of up to £285,000 was agreed by Tynwald today and will again offer support to eligible fishing vessel owners and seafood businesses.
The industry continues to reel from a sharp fall in demand from export markets, such as supermarkets and restaurants due to the pandemic, with the market price for some products falling by up to 40% since March 2020.
On top of this Manx businesses have been further affected by delays, complications and additional costs in exporting the limited quantities of seafood product to their main European markets, since the UK exited the EU on 1 January.
Recent French border closures and the Island’s own circuit breaker lockdown have also affected routes into Europe and impacted supply chains.
The amended Coronavirus Fisheries Industry Support Scheme (CFISS) will provide qualifying businesses and boat owners with support grants to help pay their fixed costs for 12 weeks – backdated to the 7 January 2021.
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