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£700,000 Support to Support Northern Ireland’s Eel Industry
The scheme will pay eel fishers and hauliers £700,000 as officials say European eel stocks have fallen 90% to 95% since the 1980s.
Rural Affairs Minister Andrew Muir announced the £700,000 Lough Neagh Eel Fishery Transition Scheme to support the fishery during a three-year closure beginning in 2026 aimed at aiding stock recovery.
European eel populations have declined by around 90% to 95% since the 1980s, prompting the International Council for the Exploration of the Sea to advise zero catches of the critically endangered species.
The scheme aims to retain specialist skills and capacity rather than decommission the industry, providing essential financial aid during this challenging period for local fishers and their families.
Muir described the closure as "a much wider international conservation challenge," noting other European countries are also implementing significant fishing restrictions to address the critically endangered species.
"Future management decisions will remain dependent on the scientific evidence," Muir said, as officials seek to preserve the workforce needed for a sustainable fishery once stocks recover.