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Compensation for the Guarantee Fee to Entities in the Fisheries Sector

Compensation for the Guarantee Fee to Entities in the Fisheries Sector

How much?

80% of the guarantee fee is compensated.  Entities in the fisheries sector pay only the non-compensated share of the fee for the granting of the guarantee.

The total amount of de minimis aid to an entity operating in the fisheries sector during the current year and any period of three fiscal years may not exceed EUR 30,000.

Compensation terms and conditions

Compensation for the guarantee fee is granted if the entity is pursuing any of the following objectives with its investment project and purchase of production equipment and/or installations:

  • enhancing quality and value of fishery and aquaculture products;
  • developing or implementing new or substantially improved products and equipment;
  • increasing energy efficiency, improving and modernising aquaculture farms including improvement of employees‘ working conditions and safety at work;
  • reducing the adverse impact or increasing the positive impact on the environment.

Ineligible expenses

No compensation for the guarantee fee is paid to entities operating in the fisheries sector that take loans from financial institutions for investment projects and/or purchase equipment and/or installations for which assistance is provided under measures of the Operational Programme of the Lithuanian Fisheries Sector for 2014-2020 approved by Decision of the European Commission No C(2015)5897 of 17 August 2015.

 

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