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The Fishing Vessels (Acquisition and Improvement) (Grants) (Amendment) Scheme 1990

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Amendment of the principal Scheme

9.  For paragraph 9 thereof (maximum amount of grant) there shall be substituted the following paragraph—

9.(1) Where the expenditure referred to in paragraph 8(1) of this Scheme has been approved for the purposes of any grant out of United Kingdom public funds other than a grant under this Scheme, and that other grant is insufficient to enable the project to receive the amount of Community aid decided by the Commission, the amount of grant which may be paid under paragraph 3(1)(a) of this Scheme shall not exceed such amount as is sufficient, when added to that other grant, to enable the project to receive that amount of Community aid.

(2) A grant is a grant out of United Kingdom public funds for the purposes of sub-paragraph (1) above if, and only if, it constitutes a financial contribution of the United Kingdom to the total investment for the purposes of Article 7(1) or 10(1) of, and Annex II to, the Council Regulation.

(3) The maximum amount of grant payable under paragraph 3(1)(b) of this Scheme as respects any one vessel in any one ownership shall not exceed £250,000..

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