Strong uptake of Tier 1 grant scheme in NI
DAERA (Department of Agriculture, Environment and Rural Affairs) has announced that 2,996 applications were submitted for the Tier 1 capital grant element of the Farm Business Improvement Scheme before the deadline at the beginning of February.
The scheme provides up to 40% grant funding for equipment and machinery costing between £5,000 and £30,000.
The department has said that the total budget for the second tranche of the scheme is expected to be £7.5m, although this is subject to final approvals.
Applications will be ranked according to the points-based selection criteria and the first letters of offer will be sent out to successful applicants following budget approval.
Read more in this week’s NI edition of the Irish Farmers Journal and at www.ifj.ie/ni