I am pleased to update the House on progress of the programme for the renewal of the white fish fleet. Some 138 applications have been received to date under the key elements of the renewal scheme. I will announce successful applications for grant-aid for new vessels shortly and I will announce the successful applications for grant-aid for modern second-hand vessels by the end of the month and for vessel modernisations before the end of the year.
The vessel safety equipment scheme provides for grant-aid of 50 per cent for the purchase and fitting of essential safety gear. I have announced one round of approvals to date and I will announce a further round shortly. I consider this vessel safety equipment scheme of vital importance. The aim of this scheme is to encourage vessel owners to fit out vessels with specific on-board safety equipment. Improved safety equipment on board vessels can play a vital part in the ongoing battle to protect life at sea. The tragedies at sea this week bring home to us all the perilous working conditions that fishermen endure. I again extend my sympathy to the families of all those involved in this week's tragedies. The closing date for applications for safety grants is the last day of each month and I will ensure decisions are taken quickly. I strongly urge fishermen to avail of this unique scheme.
The whitefish fleet renewal programme is supported by EU grant aid of more than £6 million under the Fisheries Operational Programme 1994-9. Support for the introduction of modern second-hand vessels is subvented by national funding alone.
I secured in the 1998 Finance Act a significant package of tax reliefs to support and encourage investment in new and second-hand vessels and for modernisation of existing vessels. There has been considerable interest in the tax measures as well, complementing closely the grant aid schemes.
I am pleased, with Government colleagues, at the high level of interest in the programme for renewal of the whitefish fleet. It underlines the appetite and need for reinvestment in the fleet right around the coast and confirms that the incentives on offer are proving attractive to a wide range of fishermen. I am determined to ensure the scheme fully delivers on the Government's objectives to revitalise the whitefish fleet and to support safety, jobs and competitiveness in the sector to the benefit of our coastal communities.