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.

Areas covered

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:

For more information on the Terms and Conditions of the Young Farmers’ Capital Investment Scheme click here.