Spread the cost of commercial fishing vessels from £50,000 to £800,000+ with flexible finance options. HP, lease, or refinance, compare rates from 40+ lenders.
Yes, fishing vessels are financed as a standard asset purchase, usually on hire purchase or a lease, with the machine itself acting as the security. UK prices typically run £50,000 to £800,000, and most deals are written over 24–96 months with a deposit of around 20–30%. Decisions typically take 48–72 hours. Used machines are financeable too, usually with a shorter term.
Typical Cost
£50k – £800k
Approval Speed
48–72 hours
Same-day agreement in principle for < £100k
Rates From
5.9% APR
Your estimate
Indicative only. Not a quote and not an offer of finance.
Pre-filled with a typical fishing vessel price. Indicative only, not a quote.
Compare fishing vessel finance rates from 200+ lenders
Check EligibilityOn a purchase price of £220,000: a 10% deposit of £22,000, then 48 monthly payments of £4,641 at 5.9% APR representative (fixed). Total amount payable £244,768, including the deposit. The rate you are offered depends on your business and the asset.
Guide prices for sizing a finance agreement, not quotes. Manufacturers in this market mostly price on application, so where a current UK list price could not be confirmed the row describes a specification class rather than naming a model. Your supplier quote is what the agreement is written against.
| Machine or specification | Guide price | Type |
|---|---|---|
| 10m Under-10m Class Fishing Vessel (spec class) | £80,000 – £220,000 | Inshore Potting/Netting Vessel |
| 15m Steel Trawler (spec class) | £350,000 – £650,000 | Steel-Hulled Trawler |
| 12m GRP Scalloper (spec class) | £180,000 – £400,000 | GRP Scalloper |
| 9m Aluminium Creel Boat (spec class) | £90,000 – £180,000 | Aluminium Creel/Potting Boat |
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Check EligibilityFishing vessels used for business qualify for Annual Investment Allowance (AIA), letting you deduct the full cost from taxable profits in the year of purchase, up to £1,000,000. HP agreements let you claim capital allowances on the vessel; lease payments are generally deductible in full against profits.
Fishing vessels are bought by owner-skippers, family partnerships and fishing co-operatives, usually replacing or adding capacity within an existing fleet rather than entering the industry from scratch, since a vessel is normally only useful alongside a fishing licence and quota. Any vessel operating commercially must be coded by the Maritime and Coastguard Agency for its area of operation, which shapes both the build specification and what a lender will fund. Because vessels are mobile and can be sold or moved between ports and jurisdictions, some mainstream lenders are cautious about fishing vessel security and prefer to work through marine finance specialists. Survey condition of the hull, engine and gear, rather than the vessel's age, is what drives resale and refinance value.
Several of our 200+ lenders specialise in businesses with imperfect credit histories. You may need a larger deposit or personal guarantee, but options exist. Checking your options here does not affect your credit score, because we do not run a credit search to match you. A lender will run their own checks only if you decide to apply.
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