Funding will be made available towards the cost of replacing lost or damaged fishing gear such as crab and lobster pots and other static gear, which could be worth up to £5,000 to fishermen.
The government will also continue to pay lighthouse dues for another year, saving the industry up to £140,000.
This is in addition to measures already promised, such as:
Fisheries Minister George Eustice said:
The appalling storms over the last few months have had a severe impact on fishing communities and we recognise that many fishermen have lost static gear such as lobster and crab pots.
I saw first-hand the damage to net gear during a recent visit to Newlyn. We have made this funding available to minimise the impact on their livelihoods and help them to get back on their feet as quickly as possible.
Applications for support should be made by 6 June 2014 through the Marine Management Organisation.
Funding will be through the European Fisheries Fund storm damage replacement scheme.
The MMO will prioritise applications from storm affected areas.