This scheme aims to mitigate the adverse economic and social consequences of the withdrawal of the United Kingdom from the European Union on Fisheries Cooperatives that are primarily focused on Trade and Cooperation Agreement (TCA) quota stocks (hereinafter ‘the cooperatives’).
The scheme aims to provide short-term aid to offset the reductions in turnover experienced by the cooperatives directly due to reductions in raw material arising from the TCA-induced quota transfers. The support is design to stabilise cashflow in the short-term, allowing the cooperatives to re-configure and re-structure their businesses in the longer-term to adapt to the changed trading environment under the TCA.
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 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.
What is Funded The payments under the scheme will be calculated based on the reduction in fish sales for the Co-operative’s boats for the first nine months in 2021 compared to the same period in 2019.
Amounts Granted The payment will be based on 7.5% (Co-op Commission taken from landings) of the reduction in fish sales (i.e. turnover) for the Co-operative’s boats compared to 2019.
How to Apply Apply online on Grant Electronics Management System
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