{
  "url": "https://openlegislation.uk/fishing-vessels-financial-assistance-scheme-1987/note",
  "json_url": "https://openlegislation.uk/fishing-vessels-financial-assistance-scheme-1987/note.json",
  "legislation": "uksi/1987/1136",
  "legislation_title": "The Fishing Vessels (Financial Assistance) Scheme 1987",
  "legislation_url": "https://openlegislation.uk/fishing-vessels-financial-assistance-scheme-1987",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Scheme)\nThis Scheme provides for the making of grants by the Minister of Agriculture, Fisheries and Food for the purpose of re-organising and developing the sea fish catching industry of the United Kingdom. There are two types of grant, namely exploratory voyage grants and joint venture grants.\nProvision for these grants is made in pursuance of Council Regulation (EEC) No 4028/86 on Community measures to improve and adapt structures in the fisheries and aquaculture sector.\nAn exploratory voyage grant is payable when a registered fishing vessel engages in a fishing operation carried out for commercial purposes in a given area with a view to assessing the profitability of regular, long-term exploitation of the fishery resources in that area (paragraph 4 of the Scheme and Article 13 of the Council Regulation) if certain requirements are met (paragraph 6 of the Scheme and Article 14 of the Council Regulation). The amount of an exploratory voyage grant is 10 per cent. of the eligible cost of the voyage, calculated in accordance with Article 15 of the Council Regulation (paragraph 10).\nA joint venture grant is payable when the owner of a registered fishing vessel participates in a contractual association set up for a limited time with natural or legal persons of third countries with which the Community maintains relations on fishing matters for the purpose of the joint exploitation and use of the fishery resources of those countries (paragraph 11 of the Scheme and Article 18 of the Council Regulation) if certain requirements are met (paragraph 13 of the Scheme and Articles 19 and 21 of the Council Regulation). The amount of a joint venture grant varies according to the size of the vessel and the duration of the joint venture (paragraph 17 of the Scheme and Article 20 of the Council Regulation).\nPart IV of the Scheme contains general requirements applicable to both types of grant.\nPersons receiving grants are required to keep records (paragraph 21) and provision is made for the recovery of grant paid where false information is supplied (paragraph 22).\nOffences and penalties in connection with this Scheme are provided by section 17 of the Fisheries Act 1981.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1987/1136/note",
    "retrieved_at": "2026-10-29T16:24:33.261120+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}