Compensation for Interest to Entities Operating in the Fisheries Sector
Part of the interest on the loans is reimbursed to enterprises in the fisheries sector that take out investment loans from financial institutions or enter into financial leasing transactions.
Who can apply?
Companies in the fisheries sector, borrowing from financial institutions:
- loans for investment projects for the production, processing and/or marketing of fisheries and aquaculture products;
- leasing for the purchase of production equipment and/or facilities for the production, processing and/or marketing of fisheries and/or aquaculture products.
Part of the interest reimbursement shall be granted to micro, small or medium-sized enterprises and enterprises not in difficulty as defined on 14 December 2022. Commission Regulation (EU) 2022/2473 declaring certain categories of aid to undertakings active in the production, processing and marketing of fisheries and aquaculture products compatible with the internal market in application of Articles 107 and 108 of the Treaty on the Functioning of the European Union (TFEU) in Annex I toCommission Regulation (EU) 2022/2473.
Which forms of financing are covered?
Interest paid under a single investment loan or finance lease/leasing contract concluded from 1 July 2021 onwards is reimbursed.
Amount and duration
30 % of the amount of interest paid on the loan and/or financial lease for a maximum period of 3 years from the date of signature of the loan and/or financial lease contract.
The maximum annual interest rate on which the aid is calculated may not exceed 4 %.
The total amount ofde minimis aid granted in any three financial years to any one fisheries undertaking may not exceed:
- EUR 40 000 for aid granted to entities active in the primary production of fisheries and/or aquaculture products;
- EUR 200 000 for aid granted to undertakings active in the processing and/or marketing of fisheries and/or aquaculture produc