DAERA have announced that the application period for the Tier 2 tranche 2 of the Farm Business Improvement Scheme - Capital (FBIS-C) has been further extended to 4.00pm on 20 May 2022.
There are a significant number of applications currently being progressed and it is recognised that Tier 2 applications are for larger-scale transformational projects that require significant time and commitment to complete in the current market conditions.
The extension will allow farmers and growers who are currently working on their applications extra time to finalise all aspects of the application. In addition, it will allow applicants more time to engage with their banks/lending institutions and work towards obtaining the supporting information or permissions required for the application process.
Only those farm businesses which submitted an Expression of Interest will be eligible to submit a full application for Tier 2 tranche 2 by the revised application closing date, 4.00pm on 20 May 2022.
Notes to editors:
- Tier 2 is for projects costing from £30,000 - unlimited (within the overall maximum grant limit of £250,000 available under the NI Rural Development Programme 2014-20) and is primarily for construction projects and the purchase of higher value equipment linked to the needs in the farmer’s business plan.
- Training events for Tier 2, Tranche 2 of the FBIS – Capital Scheme were held online, and are supplemented by online resources, available for applicants to refer to during the period for making applications.
- Advice on the application process for Tier 2 applications to Tranche 2 of the FBIS – Capital Scheme. The scheme which opened for 12 weeks from 10 January 2022 has now been extended to close by 4.00pm on 20 May 2022.
- It is envisaged that the second Tranche of Tier 2 of FBIS-Capital will have a budget of £12million, subject to budget availability.
- Support under Tier 2 Tranche 2 will take into account any further guidance developed by the Department on ammonia reduction and mitigation, and would be subject to funding availability. DAERA is working to develop a comprehensive and proportionate package of measures on ammonia and hope to consult on a strategy soon.
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