The Regional Government of Madeira has announced the allocation of €870,000 to mitigate the energy cost overruns faced by the fishing sector, with a particular focus on fuel expenses.
This support was announced by the Regional Secretary for Agriculture and Fisheries, Nuno Maciel, at the opening of the 9th Sea and Fisherman's Fair in Caniçal. The funding will be distributed through the MAR 2030 program.
Maciel also mentioned plans for measures to encourage new entrants into the fishing profession and the upcoming launch of a new call for projects, with €750,000, aimed at supporting small businesses, investments, and coastal community development initiatives.
