Order No. 662 on subsidy for the remordernization of fishing vessels and equipment.

This Order sets regulations on subsidy grant to be invested with the aim of investing in the modernization of fishing vessels and their fishing equipment. The aim is to promote environmentally and economically sustainable fishery. Application for subsidy shall be submitted each year as of 1 January to the Danish Agri-Fish Agency, responsible for regulating this Order. Applications made in 2015 may be submitted earliest 3 June. Subsidy for fishery activity establishment costs shall be of 50%, whilst a 30% subsidy shall be granted for all other costs.
The Order consists of 12 Chapters and 1 Appendix: Objectives and contents (1); Definitions (2); Administration (3); Conditions for the award of grants (4); Eligible projects (5); Calculation of grants (6); Amendment of project and entry into agreement (7); Disboursement of subsidy (8); Duty to notify (9); Cancellation of agreements and repayment of grants (10); Force majeure (11); Entry into force (12).
Appendix 1 - Technology List.