New Fishermen Scheme

This scheme assists new entrants into the fishing industry in acquiring ownership of your first whitefish fishing vessel.

The New Fisherman Scheme is established under Union Priority 1 (Sustainable Fisheries) of Ireland’s Operational Programme under the European Maritime and Fisheries Fund 2014 – 2020, co-funded by the Government of Ireland and the European Commission.

Who is Eligible Who is Eligible

Fishermen under 40 years of age who:

What is Funded What is Funded

Acquiring ownership, in full or in part, of your first fishing vessel.

Note: Only vessels registered and purchased from within the EU are eligible for grant aid. Vessels imported from any third countries (and UK after 31st Dec 2020) are not eligible for grant aid under the scheme.

The vessel must belong to the polyvalent and be:

Amounts Granted Amounts Granted

25% of the eligible acquisition costs of the vessel directly incurred by the applicant (or an amount not exceeding 75,000 euro, whichever is the lower).

Any grant will be calculated on the applicants direct investment in the purchase of the vessel. Where the vessel is:

The above specified shareholding or any greater shareholding upon which the original grant is calculated must be maintained by the applicant for the following five years

For full grant criteria please read the application form.

How to Apply How to Apply


Download the Application Form

The New Fishermen Scheme application form




Submit Completed Application Form and Relevant Documents

Send the completed application:

  • by email to
  • or post to: Investment Services Section, BIM, Crofton Rd., Dun Laoghaire, Co. Dublin

Contact Us

Grants Coordinator

Kevin McCoole