Fishing vessel owners and people working in the industry will shortly be able to apply for funding under three grant aid schemes supporting investment, sustainability and generational renewal in Ireland’s fishing fleet.
The Young Fisher Scheme opens on 30 September, followed by the Small-Scale Coastal Fisheries Scheme on 14 October and the Sustainable Fisheries Scheme on 15 October, according to Bord Iascaigh Mhara (BIM).
The schemes are co-funded by the Government and European Union through the European Maritime, Fisheries and Aquaculture Fund (EMFAF).
First-Vessel Support for Young Fishers
The Young Fisher Scheme is aimed at people under 40 buying their first fishing vessel, with the objective of encouraging generational renewal and helping younger fishers establish careers in the sector.
BIM says the scheme provides grant aid of 40% towards the cost of acquiring a first secondhand vessel, proportionate to the applicant's shareholding in the vessel.
Minister of State at the Department of Agriculture, Food and the Marine with responsibility for Fisheries Timmy Dooley said the three schemes provide "important and practical supports" for fishers and vessel owners investing in their businesses.
He said the Young Fisher Scheme would help younger fishers enter the sector, while the other two schemes provide support for existing fishing businesses.
Small-Scale Coastal Fleet
The Small-Scale Coastal Fisheries Scheme, opening on 14 October, is designed as a "one-stop shop" for eligible investments by small-scale coastal fishing vessel owners, covering both onboard and onshore projects.
Eligible areas include selective fishing equipment, energy efficiency, hygiene, health and safety, improvements to product quality and traceability. BIM defines eligible small-scale vessels for the scheme as vessels under 12 metres overall which do not fish with towed gear.
The Sustainable Fisheries Scheme opens the following day, 15 October, and is aimed at owners of vessels outside the small-scale coastal category.
It supports onboard investment intended to improve quality and catch handling, traceability, hygiene, health and safety and energy efficiency.
Dooley encouraged prospective applicants to contact BIM early to discuss their investment plans and prepare applications.
BIM's current funding schedule lists a closing date of 17 December 2026 for both the Small-Scale Coastal Fisheries and Sustainable Fisheries schemes, while the Young Fisher Scheme is scheduled to close on 13 January 2027.
Full details of BIM fisheries funding schemes
Previous Investment in Inshore Fishing
The new calls follow significant investment through previous rounds of fisheries funding. In March 2025, Afloat reported that more than €6.6 million had been approved for inshore fishing vessel owners through EU-funded schemes administered by BIM.
Afloat: EU-Funded Investments of Over €6.6m in Inshore Sector

















































