- £1.4 million allocated to boost Wales’ marine, fisheries, and aquaculture sector.
- Grants available for equipment, sustainability, and business improvements.
- Application window open for 10 weeks, closing on 24 March 2025.
The Welsh Government’s latest funding initiative aims to support the sustainable development of the marine and fisheries industry while strengthening coastal economies.
Beyond economic benefits, this funding also seeks to advance environmental sustainability within the sector. Investments in emission-reducing technology, marine evidence gathering, and improved safety standards will contribute to a more responsible and efficient industry.
Sustaining Wales’ Coastal Economy: £1.4M Investment in Marine and Fisheries
The funding will provide crucial financial support to businesses looking to innovate and modernize their operations. With a focus on sustainable growth, this initiative encourages the use of advanced technology to enhance productivity while reducing the sector’s carbon footprint.
Grants will also be available for essential infrastructure improvements, such as ice machines, weighing scales, and vessel enhancements. By increasing efficiency and maintaining product quality, these upgrades will help local fisheries remain competitive in a changing market.
The scheme extends support beyond equipment, offering professional guidance on business strategies, environmental sustainability, and marketing. This ensures that recipients not only receive financial assistance but also gain the expertise needed for long-term success.
By funding both small-scale and larger projects, the initiative fosters inclusivity, allowing a wide range of stakeholders to benefit. From independent fishers to larger aquaculture enterprises, the program strengthens the industry as a whole.
This funding program represents a significant step toward a more resilient and sustainable marine industry in Wales. By investing in innovation and sustainability, the initiative will enhance both economic and environmental well-being.
“The sea, once it casts its spell, holds one in its net of wonder forever.” – Jacques Cousteau
