EU funding for the fishing fleet under Ireland's Operational Programme for Fisheries 1994-99 has not to date been allocated to new vessel purchases but has been directed exclusively towards the modernisation of existing vessels. Accordingly no EU funding could have been provided, or commitments given in relation to the likelihood of such funding, in the case of the applicant in question. The position was clarified to the applicant by BIM in 1996 and was further clarified to him by the Department by letter on two occasions last year.
The Deputy will be aware of my announcement last week of proposals for funding a capital grant aid scheme for a number of new vessels over the next three years. These proposals will be submitted to the EU Commission in the coming weeks. However, I believe that it is only right for me to confirm that this scheme will not, for obvious reasons, have retrospective application. Available funding under the scheme when approved by the Commission and related eligibility criteria will be targeted at new projects. It is better to be quite clear and upfront about this from the start to avoid raising expectations unfairly.