The European and Maritime Fisheries Fund (EMFF) will also assist the further development of sustainable aquaculture, provide support to the onshore sector seafood and towards training and safety advice throughout the supply chains.
At present Scotland only gets 1.9 per cent of the total EMFF pot, even though we land 8 per cent of the EU catch, and it is it is therefore crucial that the benefits of this funding package is maximised to support Scotland’s Fishers and local communities.
The programme will open to applications on Monday 18 January and will run until 2020.
Cabinet Secretary for Rural Affairs, Food and the Environment, Richard Lochhead said: “Our fishing industry is a crucial part of many rural and coastal communities and I am encouraging them to apply for a share of €107 million funding to support fishermen, processors, fishing communities and aquaculture sector.
“This funding will also help the fleet adapt to the challenges of the discard ban, to manage our natural resources, conserve fish stocks, and play a meaningful role in improving global food security.
“The importance of the new EMFF package to Scotland is clear and with the introduction of the discard ban it is more important than ever that Scottish interests are represented fairly and we get the best deal possible for our fishermen.”
