The eighth tranche of the Targeted Agricultural, Modernisation Scheme (TAMS) II is due to close on Friday, 6 October, having initially opened on 1 July.

The next tranche of the scheme will open on 7 October and will remain open until 12 January 2018, with further tranches opening and closing every three months thereafter.

Under the scheme, individual farmers can apply for grants of 40% on investments up to €80,000, excluding VAT, while eligible young, trained farmers can receive grant aid of up to 60%.