More than 31 million US dollars over a six year period has been assigned to the plans to work towards sustainable fishing in Sweden.
Around 30 percent of the Swedish fishing fleet will be scrapped and fishermen who lose their jobs will be viable for redundancy payment.
For those who continue to fish commercially, laws will become stricter. The Swedish Board of Fisheries will impose fines on those who over-fish while severe breaches of the law will result in fishing licences being confiscated.
The Board welcomed the Government’s plans and called for national rulings in order to save fish stocks after EU fishing policies failed. Talks included making laws to ban fishing during the breeding season.
In 2006 nearly 2,000 people had fishing licences in Sweden and more than 1,500 vessels had permission to fish commercially.