Trawler owners to be paid up to €88,700 to not fish under new deal

Fishing trawlers at Union Hall pier in Cork. File picture: Denis Minihane.

Trawler owners are to be paid up to €88,700 to not fish, under a new €10 million plan formally launched by the Government.

The Brexit Temporary Fleet Tie-up Scheme will see boats between 24 meters and 40 meters paid the top rate while those between 22 meters and 24 meters will get €59,000.