Department opens €26m TAMS II tillage grant scheme (See list of eligible investments)
The Department of Agriculture has opened its much anticipated farm investment scheme for tillage farmers.
The Scheme will came into operation March 8 and will be closed for receipt of applications on December 31, 2020.
The Scheme is jointly funded by the European Union and the national exchequer.
It understood the financial allocation to the Scheme shall not exceed €26m subject to review by the Minister.
Grant aid will only be paid on approved, completed and eligible expenditure and shall be paid at the rate of 40pc up to the applicable maximum investment ceiling of €80,000 per holding.
Multiple applications per tranche are permissible however the minimum amount of investment which is eligible for approval under this Scheme is €2,000 per application.
Under the Terms and Conditions applicants who receive approval and payment for investment works at the maximum ceiling of €80,000 under this Scheme shall not be eligible to apply for grants under any other TAMS II Schemes with the exception of the applications under the Low Emission Slurry Spreading Scheme (LESS) which is not subject to the ceiling.
In the case of a application by two or more eligible partners in a partnership registered on this Department’s Register of Farm Partnership the maximum eligible investment ceiling shall be increased to €160,000 and the provisions at (ii) above will apply.