Maximum spend allowed under young farmer grants and other key TAMS II information
The Young Farmers Capital Investment Scheme under TAMS II was launched on May 14 with in the region of 4,000 applications from farmers set to be accepted.
According to the Department of Agriculture a budget of €120m has been made available to the Scheme over the full RDP period which will enable 4,000 applications at an average of €30,000 per grant.
The closing date for applications under the first tranche of the Scheme is August 28 2015.
The specific areas of investment will include:
- Animal housing
- Slurry storage
- Dairy equipment
- Specialised slurry spreading equipment,
- Animal welfare and farm safety,
- Specialised pig & poultry investments.
In addition, young farmers will be able to avail of grant-aid for construction of new dairy buildings.
Here are some interesting elements in the Terms and Conditions of the Scheme:
Grant aid will only be paid on approved, completed and eligible expenditure and shall be paid at the rate of 60% up to the applicable maximum investment ceiling of €80,000 per holding.
The minimum amount of investment which is eligible for approval under this Scheme is €2,000 per application.
Applicants who receive approval and payment for investment works at the maximum ceiling of €80,000 under this Scheme shall not be eligible to apply for grants under any other TAMS II Scheme operated by the Department under the 2014-2020 Rural Development Programme with the exception of the applications under the Low Emission Slurry Spreading Scheme (LESS) which is not subject to the ceiling.
In the case of a application by two or more eligible partners in a partnership registered on this Department’s Register of Farm Partnership the maximum eligible investment ceiling shall be increased to €160,000.
Where a registered farm partnership contains one qualifying young farmer grant-aid will be paid at 60%, subject to all qualifying conditions being met, on the first €80,000 and 40% on the remaining balance.
Grant aid per investment item will be calculated on the basis of the lowest of the following
(i) The Department’s Reference Costings applicable at the date of approval;
(ii) The total of the invoices marked “paid”, net of VAT, together with costs of own
contribution in terms of labour and machinery, deemed to be eligible by the
(iii) The cost of the investment proposed by the applicant indicated on their application
Where there are no Reference Costings applicable, grant-aid will be calculated on the basis of the lesser
of (ii) and (iii) above.
Where applicable, the Reference Costings will be increased by 33% in respect of investments carried out on the off-shore islands.
The applicant shall be required to use the investment(s) for a minimum of 5 years from the date of issue of the final payment in respect of the investment(s) grant-aided. Failure to do so will result in the EAFRD portion of the grant-aid being recouped.
In the case of replacement equipment, the replacement must be of at least a similar capacity or dimension as to that which has been replaced. Proof of purchase of the replacement equipment may be requested.
For more information on the Terms and Conditions of the Young Farmers’ Capital Investment Scheme click here.