The period for which applications can be made for various investments under the TAMS II scheme closes this week.
The deadline for applications for the fourth tranche of TAMS II will come to a close on Friday, September 30, 2016.
The scheme aims to provide farmers with grant aid to improve and/or build a specific range of farm buildings or purchase equipment that may benefit their farm businesses.
Applications for TAMS II must be made online, as manual applications by post, fax or e-mail will not be accepted by the Department of Agriculture.
A total of €395m has been made available for TAMS II over the course of the RDP period. The remaining schemes are being launched over the next few months and include:
- Young Farmer Capital Investment Scheme (YFCIS)
- Dairy Equipment Scheme (DES)
- Organic Capital Investment Scheme (OCIS)
- Low Emission Slurry Spreading Equipment Scheme (LESS)
- Pig and Poultry Investment Scheme (PPIS).
- Animal Welfare Safety and Nutrient Storage Scheme (AWNSS)
The scheme has already proved to be successful among farmers as over 7,000 farmers have applied for funding in the first three tranches of the scheme.
The first tranche proved the most popular with 2,951 applications received, while 2,210 applied under the second and 2,000 under the third.
What funding is available under TAMS II?
Under TAMS II, individual farmers can apply for grant aid of 40% on investments up to a ceiling of €80,000, this is a maximum individual payment of €32,000.
Farmers in a registered farm partnership with the Department can avail of grant aid to the value of €160,000. This applies to applications with two or more eligible partners.
A full list of terms and conditions and applicable costs is available on the Department’s website for farmers wishing to avail of the grant.
When does TAMS II reopen?
A new tranche of the scheme will open the following day on October 1 and the fifth tranche of TAMS II is expected to close three months later.