# The Fish Farming (Financial Assistance) Scheme 1987, Note: Explanatory note


(This note is not part of the Scheme)
This Scheme, which applies to Great Britain, provides for the making of grants for fish farming projects, if such grants appear to Ministers—
(a) to be desirable for the purpose of the reorganisation, development or promotion of fish farming in Great Britain, and
(b) to be requisite for the purpose of enabling a person to qualify for financial aid from the European Economic Community for a fish farming project under Title IV of Council Regulation (EEC) No 4028/86, which relates to the development of aquaculture and structural works in coastal waters (paragraph 3).
Fish Farming is defined in section 31 of the Fisheries Act 1981, under which the Scheme is made, as the breeding, rearing or cultivating of fish (including shellfish) for the purpose of producing food for human consumption.
The maximum amount of grant under this Scheme is 10% of the investment. If the expenditure has been approved for the purpose of any other grant out of United Kingdom public funds, the maximum amount of grant is reduced proportionately (paragraph 4).
In specified circumstances approval of expenditure may be revoked and grant may be recovered (paragraph 5).
Section 31(8) of the Fisheries Act 1981 provides for the application of certain offences in respect of fraudulent applications for grant, for which there is a maximum penalty of £2,000.
The Scheme amends the definition of “the new Council Regulation” in The Fish Farming (Financial Assistance) Scheme 1984 to provide for the inclusion in that definition of Council Regulation (EEC) No 3733/85, which amended Council Regulation (EEC) No 2908/83 (paragraph 6).

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Source: https://www.legislation.gov.uk/uksi/1987/1134/note (the official version)
Page: https://openlegislation.uk/fish-farming-financial-assistance-scheme-1987/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.