Fishing and Coastal Growth Fund

Lord Krebs Excerpts

Monday 27th October 2025 Lords Chamber

[Baroness Hayman of Ullock (Lab)]

The noble Baroness mentioned the Brexit deal agreed by the previous Government, which provides de facto guarantees for EU boats to UK waters beyond 2026. What we have done is to secure a deal with the EU that ensures returns for our fishing community, including scrapping red tape and restoring shellfish exports to the UK. This demonstrates that we are absolutely committed to the long-term prosperity and sustainability of our fishing industry. On the SPS agreement, I am sure the noble Baroness knows that negotiations are due to start shortly. I cannot give any further details until we move further down the line, but we absolutely want a really good deal for our country.

[Lord Krebs (CB)]

My Lords, I am sure the Minister would agree that there is no point investing in our fishing industry if there are no fish to catch. The sad truth is that, according to Oceana UK’s latest report, Deep Decline, over half of the UK fish stocks are being overfished, particularly the top 10 species. What plans do the Government have to ensure that fishing quotas are set on a sustainable basis, so that the stocks can recover and provide our fishermen with livelihoods not just today but in the future?

[Baroness Hayman of Ullock (Lab)]

The noble Lord is absolutely right: overfishing has been a real problem and we absolutely need to ensure that it does not happen in the future and that the fishing quotas that are agreed are sustainable. In fact, they are, in theory, sustainable at the moment, but we need to get the best data we can in order to make the best decisions in the future. Clearly, we hope that working with the EU more closely will enable this.