France advances fuel aid to support fishermen
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The French government will provide nearly 2,000 fishing companies with an advance on fuel subsidies promised for later this year.
The Ministry of the Sea announced the measure in response to rising fuel costs and cash flow problems within the fishing industry. This advance, totaling almost 11 million euros, will reach businesses that already received aid in April and May. The payment isn’t additional funding, but an early distribution of assistance scheduled for September-October and November-December, requiring later reconciliation.
Minister Catherine Chabaud stated the advance addresses fishermen’s cash flow issues and complements other government support, including zero-interest loans. The National Committee of Maritime Fisheries and Marine Farming welcomed the advance payments, anticipating they will strengthen the finances of fishing businesses impacted by fuel price increases. Despite the aid, the organization’s president, Olivier Le Nézet, urged continued efforts to support the industry’s long-term viability, as diesel prices for fishing vessels have doubled since the start of the year.
