HomeEconomyGovernment of the Azores contributes 1.5 million euros to...

Government of the Azores contributes 1.5 million euros to fishing to face the increase in fuel

The Government of the Azores revealed this Tuesday that it will contribute 1.5 million euros, co-financed with European funds, so that the fishing sector faces the increase in fuel prices, in an application process that will begin in July.

In a press release published on the official website, the executive of the PSD/CDS-PP/PPM coalition clarifies that the regional secretary of the Sea and Fisheries, Manuel São João, signed an ordinance that approves the Regulations of the Compensation Regime for the Operators of the Fishing and Aquaculture Sector of the Autonomous Region of the Azores for the additional energy costs derived from Russia’s military aggression against Ukraine.

The global budget allocation provided for in the decree is one million five hundred thousand euros, co-financed with European funds, one million euros being for fishing, 490 thousand euros for the processing and marketing of fishery and aquaculture products and ten thousand euros for aquaculture. “, he describes.

The distribution for each of the sectors is “indicative, not harming any adjustment that may be necessary depending on the demand for support,” he adds.

The government’s goal iscompensate operators in the fisheries and aquaculture sector for additional energy costs they feel as a result of Russia’s military aggression against Ukraine.”

The support “takes the form of a non-refundable subsidy, in the form of fixed amounts or an amount calculated on the basis of a fixed rate of 30% of the average monthly cost of energy for 2019”.

“The maximum rate of support for projects submitted under this regime is 100%,” says the press release.

The support ranges “from 247 euros, for fishing vessels of up to ten meters in length overall, and 21,184 euros for vessels of more than 24 meters”.

The expenses “are eligible from February 24, 2022, the date of the beginning of Russia’s military aggression against Ukraine.”

According to the executive, “applications are submitted online, within 30 business days after the diploma comes into force, with effect from July 1, by submitting an electronic form available on the Portugal 2020 portal” .

The Government of the Azores emphasizes that “the The competence for decision-making regarding applications falls to the Regional Coordinator of the Sea 2020“.

The resolution is issued “within a maximum period of 60 business days from the deadline for submitting applications, and it is communicated to the beneficiaries and the IFAP (Institute for the Financing of Agriculture and Fisheries), within a maximum period of five business days from the date of issue.

Payment of compensation is made by FIPA, prior approval of the support request by the Regional Coordinator, in the form of a single payment.

Source: Observadora

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