Adding value by providing conditions for selling own catches and improving product quality by investing on board a fishing vessel.

Sever-Export Ltd is a company founded in 1995, with main activity catching and processing fish. The company owns a fish processing plant in Varna, a pier and several fishing vessels. With this project, the applicant intends to implement a new type of fish processing on board and to improve its subsequent marketing. The investments under this project are targeted and fall entirely within the scope of: - adding value by providing conditions for selling own catches in its own premises - a shop, located in Asparuhovo district, Varna, according to eligible activity 1.2 "Investments that will allow fishermen to make marketing and direct sale of own catches"; - Improvement of the quality of own catches of Black Sea fish by installation of equipment on board a fishing vessel "Rusano" eligible activity 1.1 "Adding value to fisheries products, in particular by allowing fishermen to process their own catches." The main need that will be met with the implementation of this project is to add value to its own catches by purchasing and installing equipment directly on board fishing vessels, increased revenue from the realization of the production and eliminating unwanted catches With the implementation of the project proposal "Sever - Export" Ltd. will also fulfill the main objectives of the measure related to the increase of the added value or the quality of the fish caught, which will lead to the expected result related to improving the competitiveness and viability of the coastal fleet. A concrete measure of the achieved results from the implementation of the project can be found in the two main indicators under measure 1.7, a change in the value of production and a change in the net profit. In conclusion, the processed and offered on the market after the implementation of the investment catch will satisfy the requirements of the target groups of customers, through improved quality of the fishery products.

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Overview

Status In execution (starting date)
Start date 20 Nov, 2019
End date 20 Nov, 2020
Contract date 20 Nov, 2019
View in UMIS

Beneficiary

Financial information

Total cost 143,104.35
Grant 71,552.17
Self finance 71,552.18
Total paid 71,552.17
EU participation percent 73.26%

Location