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The grant provides funding for up to 40% of the amount claimed - No minimum level of expenditure applies to this scheme. - The grant aid available in respect of any vessel is 40% of the total eligible costs, subject to the cumulative grant not exceeding €3,000 for this or any previous application in the three years up to the date of approval of this application.

Maximum support rates: 1. Industry Projects Maximum support rate 50% Maximum Support amount €200,000 2. Collective Projects Maximum support rate 75% Maximum Support amount €200,000 3. Public Projects Maximum support rate 100% Maximum Support amount €300,000

Funding amounts will depend on the type of business proposed, geographical location, skills level required, and the potential employment level of the project.

Project Type 1: Organic Aquaculture A maximum of €10,000 or 50% (30% for non-SMEs) of eligible expenditure, whichever is the lesser, per project per year. Projects Type 2: Biotoxin Harvesting Suspension A maximum of €100,000 or 50% (30% for non-SMEs) of eligible losses, whichever is the lesser, per beneficiary, subject to the maximum total aid to all farmers of €500,000 per year. Individual benefi ciaries will be limited to one aid payment over the period of the Programme. Projects Type 3: Capacity Building 1) New Aquaculture Farmers – Maximum Support Rate 50%, Maximum Support amount €500,000 2) SME Aquaculture Enterprises – Maximum Support Rate 40% Maximum Support amount €500,000 3) Non-SME Aquaculture Enterprises – Maximum Support Rate 30% Maximum Support amount €500,000

Funding amounts will depend on the type of business proposed, geographical location, skills level required, and the potential employment level of the project.

Two levels of grant aid will be offered to individual or group applications for: Solely vessels 12m or less and using non-towed gear • Individual applications – 70% • Group applications – 75% In certain circumstances, agreed in advance with the managing authority, these rates may be increased to a maximum of 80%. Vessels greater than 12m and less than 15m • Individual applications – 50% • Group applications – 60%

Funding amounts will depend on the type of business proposed, geographical location, skills level required, and the potential employment level of the project.