The European Fisheries Fund (hereinafter: EFF) provides funding to the fishing industry and coastal communities to help them adapt to changing conditions in the sector and become economically resilient and ecologically sustainable. The EFF had a budget of EUR 4.3 billion for 2007-2013. Funding is available for all sectors of the fisheries industry – sea and inland fishing, aquaculture (the farming of fish, shellfish and aquatic plants), and processing and marketing of fisheries products. Particular attention is given to fishing communities most affected by recent changes in the industry.
Projects are funded on the basis of strategic plans and operational programmes drawn up by national authorities. There are five priority areas (axes) for EFF funding: