Fishing Vessel Subsidy (10%)

This facility is available to Registered Vessel Owners (Valid Fisherman’s Certificate and Certificate of Registry for vessel). 10% of the purchase cost of new semi-industrial/industrial type vessels to a maximum of $50,000.

Applicants are required to complete an application form available from the Division and submit with line drawings or photographs of the proposed vessel (specifications included) and original receipts;

 NB. The vessel is to be inspected before the subsidy is approved. If approved, the subsidy will be paid in five annual tranches of $10,000 each. An application must be submitted annually for each of the five tranches.