Funding from the Marine Fund Scotland 2023-24 should not duplicate or crowd out private financing, nor distort competition. It should facilitate private investment – especially where the private sector is profitable. As set out in the 'What types of projects can apply to the Marine Fund Scotland 2023-24?' section of these General Guidance notes, the Marine Fund Scotland aims to support projects with collective added value, in particular by addressing market failures or sub-optimal investment situations. One way in which we aim to achieve this is through the amount of funding that can be applied for depending on the type of project/applicant.
Table 1 below sets out the maximum total public funding that can be applied for towards a specific project, as a percentage of the total eligible project costs, by each category of applicant to the Marine Fund Scotland (the "grant rate"). "Eligible project costs" means the types of costs associated with a project that fit into the purposes and categories for which Marine Fund Scotland 2023-24 funding can be applied for.
Each grant rate is variable up to the stated maximum and there is no guarantee of Marine Fund Scotland funding. The stated grant rate is the total public funding. This could be funding from Marine Fund Scotland only, or from Marine Fund Scotland together with another public funding source. This means that if you are applying for, or have received, other public funding for the specific project that you are applying to the Marine Fund Scotland with, the total amount being applied for from the Marine Fund Scotland, together with the amount of the other public funding, cannot be higher than the grant rate. As set out in the 'Additional rules and obligations' section of these Guidance notes, applicants to the Marine Fund Scotland must disclose the source(s) and amount(s) of any other funding awarded in connection with the project in question.
Table 1 – grant rates for the Marine Fund Scotland 2023-24
Organisation/project/cost type : Grant rate (total public funding that can be applied for as a percentage of the total eligible project costs)
Private – where the project is wholly commercial
up to 50% for Small and Medium- sized Enterprises (SMEs).
up to 30% for large businesses. (but see row regarding projects with a high collective added value)
Private – organisations of fishers/collectives of fishers acting in a collective manner
Grant rate: up to 60% (but see row regarding projects with a high collective added value)
Public law bodies
Grant rate: up to 100%
Projects with a high collective added value – for example, innovation, public access to results, collective beneficiaries (e.g. industry-wide benefits or benefits to multiple beneficiaries rather than to a single entity), etc. This could involve collaborations between public law bodies, private entities, third sector bodies, etc. Generally, we don't consider commercial investments to meet this criterion.
Grant rate: up to 100%, depending on the strength of the evidence the applicant can provide to demonstrate that the project will provide collective added value and meet collective interests
Grant rate: up to 40%, with a maximum grant award of £75,000 per application and £150,000 per individual vessel over multiple applications
Testing novel engine technologies to support climate change mitigation, as part of a study or trial to test feasibility and impact
Grant rate: up to 40% of the extra cost compared to a diesel engine replacement
Development/adaptation of gear and fishing techniques that reduces impact on biodiversity and/or natural capital, and/or reduce carbon emissions
up to 100%, if for development/adaptation of innovative gear or techniques with wide collective benefit
up to 40% for adaptation of vessel fishing techniques to reduce impact on biodiversity and/or natural capital (e.g. improving selectivity), and/or reduce carbon emissions
Overheads – funding towards the costs of overheads is reserved for applications from non-commercial or not for profit organisations, charities, research institutions, universities and colleges. Overheads for staff costs are not eligible for commercial entities such as businesses. This is based on direct staff costs.
Grant rate: up to 15% (i.e. in an hypothetical example where direct staff costs were £5,000, applicants could apply for a maximum of £750 under the heading of an overhead cost)
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