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BIM Opens Temporary Tie-up Scheme for Applications

Following the recent announcement by the Minister for Agriculture, Food and the Marine, Michael Creed, T.D; Bord Iascaigh Mhara (BIM), Ireland’s seafood development agency, has launched a temporary voluntary fleet tie-up scheme designed to assist in adjusting the supply of fish coming onto a market that is currently depressed due to the COVID 19 pandemic and protect quota availability for later in the year.

The scheme will be implemented under Ireland’s European Maritime and Fisheries Fund Operational Programme 2014-20, co-funded by the Government of Ireland and the European Commission.

The new scheme, which complements the Government COVID 19 measures such as wage supports and loan arrangements already being provided, will offer support to vessel owners for fixed costs incurred while tied-up.

Eligible vessels will be supported to voluntarily opt to tie up for one or two months, during June, July & August. The two-month period does not necessarily have to be for consecutive months. For instance, the tie-up period could be June and August.

The scheme offers support from €500 per month for a maximum of two months for the smallest vessels (under 6 metres in length) to €6,000 per month.

The tie-up scheme will be available to a maximum of 66% of the fishing fleet, in the different size categories, in any one month to ensure that the food chain is maintained and that there is continuity of supply to the limited markets available.

The closing date for applications for June is 5pm on Wednesday 27th May. Applications for July and August will be accepted up until 20th June and 20th July respectively.

Any vessel not receiving support to tie-up in any month due to over-subscription to the scheme may opt to tie-up for one or two of the following months.

Applications to the scheme can be made online at https://bim.flexigrant.com/.

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