Brexit Voluntary
Permanent Cessation Scheme
16.09.22
BORD Iascaigh Mhara (BIM)
has announced the Brexit Voluntary Permanent Cessation
(“decommissioning”) Scheme is now open for applications.
The purpose of the scheme is to restore balance between
the fishing fleet capacity and available quotas
following quota reductions arising from the Brexit Trade
and Cooperation Agreement (TCA) between the EU and the
UK. The scheme follows from a recommendation of the
Seafood Task Force, established by the Minister for
Agriculture, Food and the Marine Charlie McConalogue TD,
in 2021. |
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The deadline for
submission of applications is 10am, Monday 24 October,
2022. For more info visit
www.bim.ie . |
The scheme will support
vessels in the polyvalent and beam trawl segments to
permanently cease all fishing activity, increasing the
quota available for remaining vessels, and thereby
ensuring the sustainable profitability of the Irish
fishing fleet.
The target of the voluntary scheme, as recommended by
the Task Force, is to remove up to 60 vessels of 8,000
GT and 21,000 KW at a cost of €60million. The aid amount
will be calculated on the basis of the capacity of the
scrapped vessel along with a catch sum payment. The
catch sum payment is based on the dependence of the
vessel on quotas that were reduced under the TCA
Agreement.
The total aid amount for any applicant will not exceed
€12,000 per GT and part of the aid should be passed to
crew members. To incentivise participation in the
scheme, vessel owners and crew members will also benefit
from specific tax treatment as set out in the Finance
(Covid-19 and Miscellaneous Provisions) Act
Licence holders of fishing vessels registered on the
Irish sea-fishing boat register in the polyvalent or
beam trawl segments and holding a valid sea-fishing boat
license issued by the Licensing Authority for
Sea-Fishing boats are being invited to apply.
The deadline for submission of applications is 10am,
Monday 24 October, 2022.
More information, including details on eligibility and
on how to apply can be found by visiting
www.bim.ie . |
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