# Greek fishing vessel subsidy program extension

> Developing situation record from CLSTR: https://clstr.news/situations/greek-fishing-vessel-subsidy-program-extension
> Updated: 2026-10-25T00:00:00.000Z. Sources: 6. Developments: 2.

The Greek Ministry of Rural Development and Food has extended the deadline for a €16 million investment program designed to modernize fishing vessels. Part of the ‘Fisheries, Aquaculture and Sea 2021-2027’ (PALYTH) framework, the initiative specifically targets Action 1.1.2, which focuses on investments that do not increase fishing capacity.

The extension to October 30, 2026, was granted following requests from professional fishers and industry associations for more time to prepare proposals and gather documentation. The program aims to improve safety, working conditions, sustainability, and competitiveness within the Greek fishing sector. Public funding can cover up to 85% of eligible costs, with individual project budgets ranging from €5,000 to €500,000.

## Timeline

### 2026-10-25: Greece extends funding deadline for fishing vessel investments

Greece has extended the deadline for a 16-million-euro fishing vessel modernization program to October 30, 2026, offering subsidies of up to 85% for eligible investments.

2 sources. https://clstr.news/cluster/greece-extends-funding-deadline-for-fishing-vessel-investments

### 2026-10-17: Greece extends deadline for €16 million fishing vessel subsidy program

Greece has extended the deadline for a €16 million fishing vessel modernization program to October 30, 2026, offering subsidies of up to 85% for eligible investments.

3 sources. https://clstr.news/cluster/greece-extends-deadline-for-16-million-fishing-vessel-subsidy-program

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Cite as: Greek fishing vessel subsidy program extension. CLSTR, https://clstr.news/situations/greek-fishing-vessel-subsidy-program-extension