The €16 million investment support programme for fishing vessels has been extended to Friday, 30 October 2026, the Ministry of Rural Development and Food announced.
This is the final extension of the deadline, giving professional fishers extra time to complete and submit their investment proposals.
The extension applies to Action 1.1.2, “Investments in fishing vessels without increasing their fishing capacity”, which is part of the “Fisheries, Aquaculture and the Sea 2021-2027” Programme (PALYTH).
The decision followed requests from professional fishers and representative bodies in the sector, to allow sufficient time to prepare application files and complete the submission process.
The action aims to modernise fishing vessels, improve working conditions and safety for professional fishers, and strengthen the sustainability and competitiveness of Greek fisheries.
According to the Ministry, a key requirement is that investments must not increase vessels’ fishing capacity, as the programme focuses on improving existing infrastructure and the conditions in which fishing activities are carried out.
Total public expenditure is €16 million, while funding rates can cover up to 85% of eligible costs, depending on the category of investment and type of fishing vessel.
Each investment proposal can have a budget of between €5,000 and €500,000, allowing plans of varying financial scale to be submitted, depending on the needs of interested professional fishers.
Funding applications must be submitted exclusively online through the Integrated Information System for State Aid (OPSKE).