The EU has approved €60 million (£51 million) in compensation for losses suffered by French fishermen as a result of Brexit.
“The money will be used in part to cover the cost of making crews redundant,” Channel 4 EU reporter Georg von Harrach tweeted this morning.
“This scheme is to support shipowners who can no longer carry out their regular activity due to Brexit,” Mr Harrach quoted an EU source as saying.
It comes after a similar agreement was reached for Irish fishermen.
Brussels wants Irish commercial fishermen to stop fishing and scrap their boats.
The EU has offered them compensation from a pot worth £67m (€80m).