EXPLANATORY NOTE
This Scheme provides for the making of grants by Fisheries Ministers for the purpose of contributing to the expenses of those engaged in the United Kingdom sea fish catching industry.
Grant may be paid in respect of a fishing vessel—
(a) if the vessel was owned by the applicant on 27th October 1982;
(b) if the vessel had been owned by the applicant at any time during the period 1st March 1982 to 26th October 1982 provided that the applicant had on or before 27th October 1982 entered into a contract to buy a replacement vessel (paragraph 4).
The amount of grant depends on the registered length of the vessel to which the application relates (paragraph 5 and the Schedule).
Grant under the Scheme shall not be paid in relation to a vessel unless—
(a) the vessel was a genuine commercial fishing vessel throughout the period between 1st March 1982 and 27th October 1982 during which the applicant was the owner (paragraph 6);
(b) the vessel was available for fishing on the last day of the relevant qualifying period (paragraph 7);
(c) 75% of the crew were ordinarily resident in the United Kingdom on the last day of the relevant qualifying period (paragraph 8);
Persons who receive grant are required to preserve records until 31st December 1985 and to supply copies of records to the appropriate Fisheries Minister if required to do so (paragraph 9). The Scheme contains provisions relating to false applications and recovery of grant in specified circumstances (paragraph 10).