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    The European Maritime and Fisheries Fund (EMFF) Regulation 508/2014 is the new legislative framework for EU co-financing in the fisheries and aquaculture sector during the new Programming Period 2014-2020 and is part of the Common Fisheries Policy reform package. The EMFF consists of four (4) main pillars, which aim at a) the sustainability of the fisheries sector, b) the sustainability of the aquaculture sector, c) the development of fisheries areas and d) matters of maritime policy.

    The Operational Programme «Thalassa» 2014-2020 is financed by the EMFF 2014-2020 and has a total budget of approximately € 52,6 million. The percentage of EU contribution (EMFF) amounts to 75,49% of the total public expenditure. The remaining percentage 24,51% will be allocated by the Republic of Cyprus as the National Participation.

    The six (6) Priorities of the European Union express relevant thematic objectives of the Common Strategic Framework (CSF) and are included in the Regulation for the EMFF are the following:
    (1) Promoting environmentally sustainable, resource efficient, innovative, competitive and knowledge based fisheries
    (2) Fostering environmentally sustainable, resource efficient, innovative, competitive and knowledge based aquaculture
    (3) Fostering the implementation of the CFP
    (4) Increasing employment and territorial cohesion
    (5) Fostering marketing and processing
    (6) Fostering the implementation of the Integrated Maritime Policy.

    The Operational Programme «Thalassa» was prepared taking into account the consultation process held with the competent Ministries, Local Authorities, social and economic partners and bodies of the wider public and private sector and also through informal dialogue with the European Commission. The OP includes the financing of projects in the fisheries sector, with emphasis on helping the fishermen of small scale fisheries, to help communities diversify their economic activities and to finance projects aimed at creating jobs, improving the quality of life in coastal areas, and to stimulate innovation. Of great importance is also the support of the aquaculture sector by supporting productive investments, but also the creation of appropriate infrastructure for the support of the offshore aquaculture units. The new OP also includes measures for the control of fishing activities, data collection and integrated maritime policy. In addition, great importance is given to measures for the marine environment, while the environmental dimension is incorporated in most measures of the programme.

    The co-financing rate of individual projects will range between 50% and 75%. The potential beneficiaries will include fishermen, vessel owners, Aquaculture Units, Processing Units, Collective Organizations, Private and Public Bodies etc.
© 2014 - 2020 Republic of Cyprus,
Ministry of Agriculture, Rural Development and EnvironmentOperational Fisheries Programme 2014-2020