Fisheries economics and trade

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Region:    UK and Ireland

An Economic Approach to Long Term Reform of Access to Fisheries for the Inshore Fleet UK

Department for Environment, Food and Rural Affairs DEFRA - Project Dates:
January 2009 - July 2009

Description of Project:
As the economics strand of Defra's Sustainability Assessment of Inshore Fisheries (SAIF) Programme, this project aims were to: 1. Better define possible criteria for the inshore fleet (i.e. characteristics which best describe the fleet or can be used for a proxy for these vessels) and articulate its role 2. Assess what economic and financial data is available, supplemented by additional information from working with stakeholders to assess and present a current picture of the industry 3. Define indicators of performance of the fleet to implement in practice 4. Explore management options for the inshore fleet to meet economic, environmental and social objectives discussing the transition to reach an efficient outcome. The work included a demonstration of the quota requirement for the pool to enable equilibrium given the current fleet structure as well as alternative fleet scenarios.

Services Provided:
Poseidon, in collaboration with Vivid Economics,carried out economic analysis and stakeholder consultation to inform the development of alternative management scenarios for the English inshore fleet. In addition to identifying the most favourable long term outcomes, possible transition strategies were also explored.