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.
How to access this service
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.