The European Fisheries Fund, which will replace the current Financial Instrument for Fisheries Guidance (FIFG) from 1 January 2007, will run for seven years with a total budget of €3.849 billion. We anticipate that the UK will be allocated about €122 million. However, the Council regulation has not completed its formal procedures so the figure is subject to confirmation. Therefore the Department does not yet hold specific information relating to other member states.
The UK Government’s report to the European Commission, on by-catch monitoring, is available on the DEFRA website at: http://www.defra. gov.uk/fish/sea/conserve/regulation.htm.