The Welsh Government has launched a new £1.3 million scheme to help the Welsh fishing and aquaculture sector following the twin hits to their businesses caused by leaving the EU and the Covid-19 pandemic.
The first part of the scheme will see a targeted one-off grant made available to eligible Welsh vessel-owning fishing businesses, with the grant equivalent to three months’ vessel costs, capped at £10,000.
The payments will be based on vessel size and the number of corresponding categories.
The second part will see support provided to aquaculture businesses, including those trading in live bivalve molluscs.
Businesses will be able to apply for a grant for the first three months of 2021, to provide half of the average of their monthly gross revenue for each month, at a maximum cap of £40,500.
The scheme will be open for applications from Wednesday, 17 March 2021 and close on Wednesday, 31 March 2021.
For further information please visit the GOV.Wales website.