The Sustainable Fisheries Development Fund opened for applications today.
The fund aims to help the local fisheries community move towards sustainable or high value-added operations so that the trade can enhance its competitiveness and cope with new challenges brought about by the depletion of fisheries resources and a trawling ban.
This will allow fishermen to survive in the changing environment and improve their livelihoods.
The administration has identified five areas that might make good use of the fund, including exploring new opportunities in the South China Sea, developing sustainable practices for fishing operations in Hong Kong waters, aquaculture development, accrediting and marketing local fisheries products, and monitoring and enhancing fisheries resources.
The fund’s advisory committee will consider a proposed project’s needs, feasibility and expected outcomes. The projects should contribute in a direct and practical way towards the local industry’s sustainable development.
Proposed projects should be non-profit-making, but commercial projects may be considered. Applicants must draw up detailed business plans and budgets for the committee’s scrutiny. Projects involving commercial elements will be funded on a dollar-for-dollar matching basis.
Eligible applicants include legal entities that have demonstrated a close connection with the local fisheries industry such as local incorporated companies, registered fisheries co-operatives, non-profit-making fisheries organisations, non-governmental organisations or social enterprises, and academic and research institutions in Hong Kong.
Applications will be accepted throughout the year and the committee will meet regularly to vet them. Download the guidelines and forms here.
