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The EU-approved package will provide grants and tax breaks to Italian businesses facing higher fuel costs linked to the Middle East crisis.

The grants, totaling €200,000, will help strengthen the organisational structure of professional organisations in the fisheries and aquaculture products sector.

The five-year programme will support innovation, infrastructure, scientific partnerships and efforts to develop new markets for British Columbia seafood.

Industry and conservation groups offer opposing perspectives on what the early closure means for the fishery.

The plan includes modernizing fisheries infrastructure and schools, while supporting investments in fisheries and aquaculture to promote generational renewal.

In the seafood processing sector, the number of workers has increased by 9.5% since 2014.