Applications for the Calf Investment Scheme (CIS) opened on 7 January and will remain open until 28 January. The scheme is deigned to incentivise the purchase of calf feeding equipment on farms. The CIS is open to all farmers, regardless of their main enterprise. Grant aid of 40% is available up to an investment ceiling of €7,500, meaning that a maximum grant of €3,000 per farmer can be drawn down.
The Department of Agriculture have stated that, in the event of the scheme being over-subscribed, a linear cut may apply to the amount of grant aid that can be drawn down. There is €1.5m available in the scheme, meaning that if every farmer drew down the maximum grant, 500 farmers would benefit from the scheme.