MANAGING INNOVATION IN THE BRITISH HERRING FISHERY - THE ROLE OF THE HERRING-INDUSTRY-BOARD 1945-77

The Herring industry Board attempted to modernise the British herring fleet throughout the postwar period. It employed three main economic a nd technical instruments: research and development, grants and loans t o support investment, and minimum prices and fishing subsidies. Althou gh the Board's successes were modest during the 1940s and 1950s, its e fforts helped encourage radical innovation in the mid-1960s. Unfortuna tely, the highly efficient fleet it helped establish contributed to th e overfishing of herring stocks that precipitated the fishery's closur e in the 1970s. (C) 1998 Elsevier Science Ltd. All rights reserved.