Brexit deal: UK agrees £333m annual fishing quotas with EU

The UK has now concluded annual fisheries negotiations with the EU, providing certainty for the fishing industry on catch limits for the remainder of 2021, the Department for Environment, Food & Rural Affairs, Marine Management Organisation, said in a press release on Friday.

The total value of the UK-EU fishing opportunities for the UK in 2021 is approximately £333 million. This equates to around 160,000 tonnes, according to the release.

As a result of the Trade and Cooperation Agreement and these negotiations, the UK fleet will have around 26,000 tonnes more quota for these stocks compared with quotas allocated in 2020. This increase is estimated to be worth around £27 million.

Both parties have also committed to exchanging fishing quota on an interim basis ahead of a longer-term exchange system which will be set up by the Specialised Committee on Fisheries.

The catch limits known as Total Allowable Catches have been set for 70 fish stocks and supersede the previous provisional catch limits for 2021.

The agreement provides stability for UK fleets with all Total Allowable Catches remaining in line with the provisional catch limits set earlier this year, apart from eight that have small increases.

The annual negotiations for 2021, in which the UK participated as an independent coastal State, follow the signing of the Trade and Cooperation Agreement between the UK and EU.

The Specialised Committee on Fisheries established under the Trade and Cooperation Agreement will provide a forum for discussions on fisheries matters between the EU and UK and will meet for the first time in June.

UK Environment Secretary George Eustice said: As we move forward as an independent coastal State, we have been steadfast in representing the interests of our industry and seeking to manage our fisheries more sustainably.

This agreement provides certainty to our fishing industry and we now have a stable platform in place for managing our fisheries this year and in future years.