Between 1994 and 2006, European fishing vessels were paid €3.4 billion in subsidies under the EU's Financial instrument for Fisheries Guidance (FIFG). €2.3 billion of this was from the EU budget, and a further €1.1 billion was paid from national budgets under the FIFG's co-financing rules. 48 per cent of the money was spent on building or modernising vessels. 40 per cent was spent on scrapping vessels. A total of 39,174 subsidy payments were made.
Via Gaye Rosier, Marian Locksley