Brexit Fisheries Co-operative Transition Scheme

Who is Eligible

This scheme is open to Fisheries Co-operatives, registered with the Registrar of Friendly Societies, whose premises are approved by the Sea-Fisheries Protection Authority under Regulation (EC) No 853 / 2004, and that are primarily focused on Trade and Cooperation Agreement (TCA) quota stocks and are reliant on the commission earned from landings of their members’ vessels for revenue. For the purposes of this scheme a co-operative is considered to be primarily focused on TCA quota stocks if the total of its members landings is comprised of 75% or more TCA quota stocks.

Amounts Granted

The payments would be calculated by reference to sales information and audited accounts provided by the Co-operatives for 2022 compared to 2019. The payments would be based on 7.5% (i.e., the Co-operative commission taken from landings of the member vessels) of the reduction in fish sales for the Co-operative’s boats for 2022 compared to the same period in 2019, capped at a maximum of €250,000 per beneficiary.

For more information, please email: cooperatives.transition@bim.ie