The purpose of the fund was to offer financial assistance to fishing vessels facing exceptional stresses on their viability as a result of the reduction in catches and loss of gear experienced during 2013.
Scottish (i.e. with a Scottish PLN) fishing vessels, including vessels of 10 metres and under, which had, in calendar year 2013, conducted fishing operations with static fishing gear (pots and creels) and earned a gross income of £20,000 or greater, were eligible to apply for funding.
Vessels were permitted to make one application, and were only accepted from licensees of presently active fishing vessels, or their nominees. Incomplete applications were not accepted and were returned without being considered. Applications were accepted up to 17:00 on 26 March 2014, and any received after the closing date were not accepted.
The application form can be downloaded below.