Index  ›  finance  ›  BBC
finance · BBC ↗

Fish market needs £2.3m in funds to secure grants

BBC Published Jun 1, 2010 Reviewed Jul 1, 2026 ✓ Reviewed by citations.press editors
Citation-ready fact
Harbour commissioners in Newlyn have three months to raise £2.3m to ensure a new fish market can be built.
2.3 m · grant3 months · timeframe
Harbour Commissioners, Harbour Commissioners
View source ↗
Citation-ready fact
The European Fisheries Fund has agreed a £2.3m grant for Newlyn Fish Market together with a £970,000 grant from the European Regional Development Fund.
2.3 m · grant970 k · grant
European Fisheries Fund and European Regional Development Fund, grant providers
View source ↗
Citation-ready fact
Newlyn will only receive the grants if the rest of the money for the £5m venture can be found by Newlyn Harbour Commissioners.
5 m · venture cost
Newlyn Harbour Commissioners, Harbour Commissioners
View source ↗
Citation-ready fact
The commissioners must have proof that the money can be raised by 20 August.
20 date · deadline
Newlyn Harbour Commissioners, Harbour Commissioners
View source ↗

Harbour commissioners in Newlyn have three months to raise £2.3m to ensure a new fish market can be built.

The European Fisheries Fund has agreed a £2.3m grant for Newlyn Fish Market together with a £970,000 grant from the European Regional Development Fund.

But Newlyn will only receive the grants if the rest of the money for the £5m venture can be found by Newlyn Harbour Commissioners.

The commissioners must have proof that the money can be raised by 20 August.

It is proposed that the funds would be raised from landing and selling dues.

Commissioner, and Newlyn harbour master, Andrew Munson said: "The whole industry wants good facilities, but it has to be paid for and to pay for it has to come from the cod end of the fishing.

"It's no good crippling an industry to put something up that won't be of any use of because they won't be able to afford to use it."

The plans for the fish market include the building of a new market hall, auction room and meeting area.

Fishing fleet owner Elizabeth Stevenson said: "Newlyn definitely needs new improvements, but what it mustn't do is saddle itself with debt that the catching sector and the merchants will not be able to fund."

This article was originally published by BBC ↗. citations.press indexes the source-backed facts above and links to the original. Something wrong? Corrections policy · Report an error