Brexit Off-Register Capacity Buy-out Scheme

The purpose of this scheme is to minimise the risk to the voluntary decommissioning scheme from re-entry of vessels after decommissioning by buying out a proportion of off-register capacity in the under 18m and over 18 polyvalent fleet.

Who is Eligible Who is Eligible

Amounts Granted Amounts Granted

Buy-out premiums will be paid in respect of applications approved and accepted at the following rates:

  1. Polyvalent vessels equal to or over 18m in length overall where the current market value of capacity is €2,800/GT & €850/kW; and
  2. Polyvalent vessels under 18m in length overall where the current market value of capacity is €2,200/GT & €825/kW

The maximum payment to any applicant will be capped at €250,000.

How to Apply How to Apply


Electronic Application

Apply online on Grant Electronics Management System

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.


  • Click here to download the Getting Started with the BIM online Grant system guide.
  • Click here to download the Guidelines for Applicants
  • Click here to download the Off-Register Buy-Out Scheme Appendix 1 Terms & Conditions
  • Click here to download the Scheme 2023 Letter of Offer Brexit Off-Register Capacity Buy-out Scheme

Required Documentation

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

  • Confirmation that the capacity is currently off-register from the Licensing Authority.
  • Click here to create an email to the Licensing Authority for Sea-fishing Boats to request a statement of your off-register capacity.

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 email