The last PMG offered grants of up to 40% to a maximum support per project of £0.5m. \ Conor McCabe
ADVERTISEMENT
Without a minister in place, there are no plans in DAERA to launch a capital grant scheme for food processing companies investing in new buildings and equipment.
A potential new food processing grant scheme was included in the current Rural Development Programme for 2014 to 2020. It was allocated a provisional budget of around £30m, and was to be introduced in 2017, providing support of up to 40%.
The new scheme was to be a replacement for the Processing and Marketing Grant (PMG) which ran under previous rural development programmes. The last PMG offered grants of up to 40% to a maximum support per project of £0.5m. It was targeted at small- and medium-sized companies (up to 750 employees).
ADVERTISEMENT
With larger companies excluded the last time around, a number of industry bodies had lobbied DAERA for the scope of a new scheme to be widened.
On enquiry, a DAERA spokesperson said that the final scope and nature of a new scheme will be subject to the views and approval of a DAERA minister.
“Therefore, at this point in time it is not possible to be specific about the timing or nature of the scheme, or the types and level of investment that might be available to the processing sector. Currently, there are no plans to launch this scheme in the absence of an incoming DAERA minister,” the spokesperson confirmed.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Without a minister in place, there are no plans in DAERA to launch a capital grant scheme for food processing companies investing in new buildings and equipment.
A potential new food processing grant scheme was included in the current Rural Development Programme for 2014 to 2020. It was allocated a provisional budget of around £30m, and was to be introduced in 2017, providing support of up to 40%.
The new scheme was to be a replacement for the Processing and Marketing Grant (PMG) which ran under previous rural development programmes. The last PMG offered grants of up to 40% to a maximum support per project of £0.5m. It was targeted at small- and medium-sized companies (up to 750 employees).
With larger companies excluded the last time around, a number of industry bodies had lobbied DAERA for the scope of a new scheme to be widened.
On enquiry, a DAERA spokesperson said that the final scope and nature of a new scheme will be subject to the views and approval of a DAERA minister.
“Therefore, at this point in time it is not possible to be specific about the timing or nature of the scheme, or the types and level of investment that might be available to the processing sector. Currently, there are no plans to launch this scheme in the absence of an incoming DAERA minister,” the spokesperson confirmed.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS