$6.3 million for Queensland fishing communities and businesses – Fishupdate.com

$6.3 million for Queensland fishing communities and businesses Published:  07 September, 2007

Eric Abetz

QUEENSLAND businesses and communities will share in up to $6.3 million in Australian Government grants as part of a structural adjustment package to secure a profitable and sustainable future for Commonwealth fisheries.

Minister for Fisheries and Conservation, Senator Eric Abetz, this week announced the 27 businesses and communities in Queensland who will receive funding under the Australian Government’s $220 million Securing Our Fishing Future package.

“The onshore programmes mark the final component of the Securing our Fishing Future package which saw over 550 fishing concessions bought back for $149 million in order to better position our Commonwealth fisheries for a sustainable and profitable future,” the Minister said.

“This necessarily had an impact on fishing related business and communities, and I am pleased to see many successful applicants along the Queensland coast as part of our $40 million onshore assistance package.

“This was a highly competitive round with more than 200 applications received across both programmes.”

There are two components to the funding – Fishing Community Assistance and Onshore Business Assistance.

The community grants are aimed at generating new economic and employment opportunities in towns affected by reduced fishing activity as a result of the Securing our Fishing Future package. Onshore Business Assistance grants will assist businesses dependent on the Commonwealth fisheries sector to adjust their operations in light of reduced fishing activity.

In addition to the community and business assistance announced, six businesses have been granted exit package totalling $600,000 to leave the industry.

Announcements about successful applicants in other parts of Australia will be made over the coming week.

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