The UK Government is investing £360m into a new fishing and coastal growth fund which will support fishing businesses.

The funding will be used to prioritise the regional development projects for each community, with £56m going towards supporting Scottish, Welsh and Northern Irish fishing industries.

Additionally, the cash will be invested in the UK’s fishing fleet, technology development and to train the next generation of fishing employees.

Fisheries minister Dame Angela Eagle said: “The grit and determination of fishers throughout the UK brings the best seafood to our dining tables and across the world.  This fund will revitalise the fishing sector and coastal communities right across the UK, spurring growth as part of our Plan for Change.

“Supporting devolved governments with this new funding will help get the money to where it’s most needed, so the sector can thrive for generations to come.”

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UK Government Scotland office minister Kirsty McNeill added: “Scotland’s fisheries sector and our coastal communities are hugely important, and this new £28 million UK Government investment will help deliver a bright, sustainable future for the fishing industry and those who live on our coast by improving infrastructure, creating jobs and boosting investment in skills.

“The UK Government is also slashing red tape for our seafood exporters and businesses as we work with partners to deliver a decade of renewal for the country through our Plan for Change.”

The UK Government plans to collaborate with the devolved governments to ensure the funding is invested into local needs and UK-wide goals for a sustainable industry.

Additionally, the Government is actively working towards reaching a deal with the EU to cut down on seafood trading barriers.