Regulation 5 Excluded activities and costs

(1)

The following activities and costs are excluded from this scheme—

(a)

increasing the fishing capacity of a fishing boat;

(b)

importing a fishing boat into the United Kingdom;

(c)

activities which the applicant, or any other person associated with the same project, has a statutory duty to undertake;

(d)

interest on a debt;

(e)

any cost that could be recovered in part or in full under an insurance policy;

(f)

any cost which has been recovered in part or in full as a result of damages having been awarded in civil proceedings, or an agreement having been reached in settlement of a legal claim.

(2)

In this regulation—

“project” means a project to which an application for a grant under this scheme relates; and
“fishing capacity” has the same meaning as in Article 4 of Regulation (EU) No 1380/2013 of the European Parliament and of the Council on the Common Fisheries Policy^f1.

Annotations

Footnotes

f1: EUR 2013/1380, Article 4 was amended by S.I. 2019/739.