Brexit
State aid: Commission approves €32 million German scheme to support fishery sector in the context of Brexit
The European Commission has approved, under EU state aid rules, a €32 million German scheme to support the fishery sector affected by the withdrawal of the UK from the EU.
The aim of the scheme is to support companies in the fishery sector in Germany in reorienting their activities. In particular, the measure will support: (i) marketing activities up to a maximum of €999,900 per beneficiary; (ii) the adaptation of fish processing activities up to a maximum of €7,5 million per beneficiary; (iii) investments in German-flagged fishing vessels up to a maximum of €5 million per beneficiary; and (iv) compensation to laid-off workers (‘severance payment') up to a total of €999,900 per company. The scheme will run until 31 December 2023.
The measure is planned to be funded under the Brexit Adjustment Reserve, established to mitigate the economic and social 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 EU, 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 the economic activity of fishing and fish processing 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.101585 in the state aid register on the Commission's competition website once any confidentiality issues have been resolved.
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