Brexit Blue Economy Enterprise Development Scheme

The purpose of the scheme is to counter the adverse economic and social consequences of the withdrawal of the United Kingdom from the European Union on businesses operating in the blue economy and located in communities within 10km of the coastline.

Three types of projects will be considered for funding:

Project Type 1 – Capital Investment

Projects that support capital investment by enterprises engaged in the blue economy. These investments will enable innovation, diversification, value-adding, and will allow enterprises to increase employment and support the evolution of enterprises through scaling-up. The Scheme will prioritise enterprises that are directly involved in inshore fisheries and/or are classified as micro businesses. The scheme will also prioritise those that are purchasing equipment that supports entrepreneurial initiatives that build economic, social and environmental sustainability within coastal communities.

Project Type 2 – Business Mentoring and Capacity Development

Business mentoring and capacity development projects will support businesses or individuals engaged in the blue economy to develop their businesses and allow them to maximise current and future opportunities as well as allowing them to adapt to the new market realities and opportunities post-Brexit.

Project Type 3 – Upskilling and Training 

With the projected loss of employment from the fishing industry arising from the TCA (Trade and Cooperation Agreement), upskilling and training will support individuals to make use of their existing skills and knowledge gained through a lifetime spent in the marine sector. Upskilling and training will allow them to develop new skills that will enable them to exploit complementary economic opportunities in the blue economy. Upskilling and training will also cover digital literacy giving businesses or individuals the skills and ability to connect with and exploit the opportunities of the increasingly digital-first world.

Who is Eligible Who is Eligible

Project Type 1 and 2

Project Type 3

Each application must include the Eircode of the project. BIM will use this Eircode to check project eligibility. If you would like to check this yourself using BIM’s online mapping tools, please click here.

What is Funded What is Funded

Project Type 1 – Eligible Activities

Capital investment projects from entities operating in or seeking to enter the blue economy and that promote entrepreneurial initiatives such as value adding or increasing employment opportunities in coastal areas. These are categorised under blue economy areas as follows:

Project Type 1 – Ineligible Activities

Project Type 2 – Eligible Activities

Participation in recognised business mentoring (consultancy) and capacity building that meets the eligibility criteria with maximum eligible grant aid of €10,000 or 50% of the cost, whichever is lower.

Project Type 2 – Ineligible Activities

Project Type 3 – Eligible Activities

Project Type 3 – Ineligible Activities

Amounts Granted Amounts Granted

The following payments apply to applicants approved under the Scheme.

Beneficiary Type

Support Rate for Project Type 1

Individual/Group/Business

50%

Small Scale Coastal Fishers

making specified SSCF investments

80%

 

Note:  In addition to the support rates detailed above the following applies:

Beneficiary Type Support Rate for Project Type 2
Individual/Group/Business 50%

 

Beneficiary Type Support Rate for Project Type 3
Applicant completing the training 50%

 

Note: In addition to the support rates detailed above the following applies:

Scheme Documentation


How to Apply How to Apply

1

Electronic Application

Apply online on Grant Electronics Management System for Project Type 1

Apply online on Grant Electronics Management System for Project Type 2

Apply online on Grant Electronics Management System for Project Type 3

Warning: This application form is not compatible with mobile devices. For best results please use desktop/laptop when completing this form.

For technical queries in relation to BIM’s Grants Electronic Management System (GEMS) please contact the grants helpdesk using this form.

Resources:

Applicants are advised to contact a National FLAG Network Officer if they have any questions in this regard (contacts details below).

2

Required Documentation

You will be required to upload scanned copies of the following documents, in PDF or image format:

Please Note: 

Provide a bank statement header or utility bill in your organisations name as proof of the project address.

It is the applicant’s responsibility to ensure that all required documentation is provided.

Delays caused by failure to do so may result in:

  • significant delays in payment of a grant
  • failure to qualify for approval under the Scheme.

For more information please contact blueeconomy@bim.ie

or contact a National FLAG Network Officer