Testing a new pathway to sustainable fisheries funding
In 2021, in partnership with the WWF Mediterranean Marine Initiative, and with support from the MAVA Foundation, BlueSeeds invited fishers to submit expressions of interest for support in submitting a sustainable project for European funding.
This proof of concept was an opportunity to test the feasibility of a future pre-financing facility proposing financial guarantees to banks to emit micro-credits to fishers. For this test, MAVA generously contributed funds to pre-finance projects in fishing communities.
applications
received
small-scale fishers' projects
supported by BlueMove
projects
left unsupported due to financial barriers
A project in partnership with
Gianna Saba, Giuseppina Sotgiu, Gian Ludivico Ceccaroni and Ante Sladoljev
Meeting all the fishers' request would have required a sum 3 times higher than BlueMove's initial budget.
Sustainable projects we supported
Selectivity
Purchase of new drift nets to avoided bycatch of juveniles and vulnerable species
Decarbonation
Purchase of less energy-greedy engines to reduce CO2 emissions when at sea
Value chain
Purchase of refrigeration equipment to reduce supply chain, improve fishers’ revenues and reduce fishing efforts
About
The public funding existed. The ambition was already alive in fishers’ minds. What was missing was the bridge that turns sustainable ideas into funded projects. That is why we created BlueMove.
Mediterranean fishing communities involved
The project's generated value
BlueMove spent in technical assistance
BlueMove spent in prefinancing
small-scale fishers’ sustainable projects
of European grants allocated
to fishers after our mission accomplished